Payments News

On The Web

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America’s Middle Class Is Addicted to a New Kind of Credit

“It’s called the online installment loan, a form of debt with much longer maturities but often the same sort of crippling, triple-digit interest rates. If the payday loan’s target audience is the nation’s poor, then the installment loan is geared to all those working-class Americans who have seen their wages stagnate and unpaid bills pile […]

On The Wires

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Companies

H&M and Klarna Grow Partnership to US

“Today, H&M and Klarna announced that they have expanded their current partnership agreement to also include the US market, in the development of an unrivalled payments and shopping experience across touchpoints. Together, H&M and Klarna are aiming at further integrating H&M’s digital and physical stores to give customers a seamless, personalised and engaging shopping experience […]
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Afterpay Launches New Partnerships With Ulta Beauty and J.Crew

“Afterpay, the leader in “Buy Now, Pay Later”, announced today that it has partnered with Ulta Beauty and J.Crew. Launching between Fall 2019 and early 2020, these powerhouse brands join the more than 6,500 active and onboarding U.S. retailers – representing more than 10% of the U.S. fashion and beauty retailers online1. This comes on […]
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Global

Splitit and GHL Partner to Offer Installment Payments to 2,000 Merchants in the ASEAN Region

“Splitit Payments Ltd, a leading global monthly installment payments solution business, today announced a three-year partnership agreement with GHL ePayments Sdn Bhd, part of leading payment service provider GHL Systems Berhad (“GHL”), to offer Splitit’s installment solution to more than 2,000 online merchants in Malaysia, Thailand, Indonesia and the Philippines (the “Agreement”). GHL is one of the top merchant acquirers in the […]