Payments News

On The Web

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Klarna, Europe’s $5.5 billion fintech, sees losses rise sevenfold in the first half

“Swedish online payments firm Klarna reported a ballooning net loss in the first half of 2020, as the company invested in an international expansion drive and set aside reserves to deal with credit losses amid the coronavirus pandemic. The Stockholm-based company’s interim first-half report showed a net loss of 522 million Swedish krona ($59.8 million) between January […]

On The Wires

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PayPal Introduces New Interest-Free Buy Now Pay Later Installment Solution

“PayPal Holdings, Inc. today announced ” Pay in 4,” a short-term installment offering for customers in the U.S. Pay in 4 can help merchants drive conversion, revenue and customer loyalty without taking on additional risk or paying any additional fees, while enabling consumers to make a purchase and pay over four, interest-free installments.  Pay in 4, which is part of PayPal’s growing suite of Pay Later solutions, enables merchants and partners to get paid […]
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Afterpay Expands Into Canada With American Eagle, Huda Beauty, Roots, Native Shoes Among Many Others

“Afterpay, the leader in Buy-Now, Pay-Later payments, announced today it is now offering its service to consumers and merchants in the Canadian market. Over 55,000 brands and retailers are offering, or in the process of offering Afterpay to its more than 10 million customers across the world.  The company assisted merchants in processing $11 billion […]
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Ally Expands Financing Into Retail With Mastercard Vyze Partnership

“Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc., today announced its partnership with Vyze, Mastercard’s leading alternative financing platform for retailers. Ally’s entrance into point-of-sale retail financing builds on its deep experience and rapidly growing footprint in healthcare and home improvement lending. Ally Lending will serve as the […]
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EML Signs Contract with Laybuy to Launch 0% Interest Buy Now Pay Later Solution in Australia With Plans for the UK

“EML PAYMENTS LIMITED’s (‘EML’) agreement with Laybuy for a digital card exclusively issued by EML allows for rapid access to retailers in-store and online across Australia with plans for the UK through an impressive mobile-ready Buy Now Pay Later payments model. Purchases can be paid off in 6 easy instalments with 0% interest or fees […]
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Afterpay Expands Into Europe

“Afterpay, the leader in “Buy Now, Pay Later” payments, today announced that it has entered into an agreement with NBQ Corporate SLU (NBQ) to acquire Pagantis SAU and PMT Technology SLU. Pagantis is a European company that offers payment services for ecommerce merchants across Spain, France, and Italy. With this acquisition, Afterpay is able to […]
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JetBlue and Marcus by Goldman Sachs® Announce Broader Availability of MarcusPay™ – An Option for Customers to Pay Over Time

“JetBlue and Marcus by Goldman Sachs ® today announced that MarcusPay™ is now available for JetBlue flights in addition to vacation packages. MarcusPay, a no deposit, no-fee, fixed rate point-of-sale installment loan option, allows customers to pay for larger purchases over time. JetBlue, the platform’s inaugural partner, launched MarcusPay earlier this year exclusively for customers booking JetBlue […]
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Klarna introduces Google Pay for in-store payments

Klarna, the leading global payments and shopping platform, today announced that it is introducing Google Pay for in-store purchases in the US. Sephora, Journeys and rue21 are among the first Klarna merchant partners to offer Google Pay, in addition to Apple Pay, for in-store purchases, providing even more payment flexibility to consumers along with the […]
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Klarna Creates New Ways to Make Shopping Social With the Launch of Followable Wish Lists

“Klarna, the leading global payments and shopping platform, today announced the launch of followable Wish lists for shoppers, a new feature that allows customers  to create, share and follow shoppable Wish lists on the Klarna app. Users can also follow and share Wish lists curated by brands, influencers, Klarna’s shopping experts and others to discover […]
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American Express Expands Popular ‘Pay It Plan It’ and Pay Over Time to U.S. Consumer Green, Gold and Platinum Cards

“As customers’ needs have evolved, American Express continues to bring innovative features and benefits to Card Members. Starting on August 1, Card Members have more ways to pay for the things they buy with the expansion of Pay It Plan It to its iconic U.S. Consumer Green, Gold and Platinum Cards, and Pay Over Time […]