BNPL

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Quarter of UK BNPL users charged late fees

/payments

Quarter of UK BNPL users charged late fees

Nearly a quarter of Brits that have used buy now, pay later services have been charged late payment fees, according to a survey for education charity the Centre for Financial Capability.

/retail

Creditspring research reveals BNPL used to afford Christmas

Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people* admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.

Tabby secures $700 million debt facility and $50 million Series D extension

/payments

Tabby secures $700 million debt facility and $50 million Series D extension

UAE-based buy now, pay later player Tabby has secured $700 million in debt financing from JPMorgan and extended its series D round to $250 million.

Walmart brings BNPL payments to self-checkout kiosks with Affirm

/payments

Walmart brings BNPL payments to self-checkout kiosks with Affirm

Walmart has struck a deal with Affirm to offer buy now, pay later options at self-checkout kiosks at over 4500 US stores.

Saudi BNPL player Tamara achieves unicorn status on $340 million funding round

/payments

Saudi BNPL player Tamara achieves unicorn status on $340 million funding round

Buy now, pay later startup Tamara has become Saudi Arabia's first home-grown fintech unicorn with a $340 million funding round.

/people

Flutterwave strengthens risk, compliance and partnership teams

Flutterwave, Africa's leading payments technology company, is excited to announce the appointment of several seasoned leaders from prominent financial services companies, including PayPal, Stripe, American Express, First Data, Western Union, and Square.

/payments

Affirm teams with Blackhawk Network on gift card purchases

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Blackhawk Network (BHN) - the leading distributor of digital gift cards in the U.S. - have partnered to bring consumers even more choice and flexibility for purchasing gift cards.

Google adds BNPL options to mobile wallet

/payments

Google adds BNPL options to mobile wallet

Google is teaming up with Zip and Affirm to offer buy now pay later options for US consumers shopping with Google Pay.

/payments

Drive Now Pay Later: Klarna brings BNPL to CarTrawler’s 250 partner travel websites

Klarna, the AI-powered payments network and shopping assistant, today announced an agreement with CarTrawler, the leading B2B technology provider of car rental and mobility solutions to the global travel industry.

Motive acquires controlling stake in Splitit Payments

/payments

Motive acquires controlling stake in Splitit Payments

Private equity firm Motive Partners has acquired a controlling stake in Australian-listed BNPL outfit Splitit Payments.

/payments

Airbnb launches Pay Over Time with Klarna in UK

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, a new way for guests in the UK to spread the cost of their reservation.

OCC warns banks on BNPL lending

/regulation

OCC warns banks on BNPL lending

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

Payments: The key to unlocking new ecosystems and why merchant services are on the up

/BNPL

Payments: The key to unlocking new ecosystems and why merchant services are on the up

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Indian BNPL firm ZestMoney shuts down

/payments

Indian BNPL firm ZestMoney shuts down

Indian buy now, pay later firm ZestMoney is shutting down after failing to find a buyer, according to TechCrunch.

Standard Chartered rolls out BNPL option to consumers across Apac

/payments

Standard Chartered rolls out BNPL option to consumers across Apac

Standard Chartered is rolling out online and instore buy now, pay later options for credit cardholders across Asia Pacific.

/payments

Klarna targets $1 trillion travel sector with Cathay Pacific tie-up

Klarna, the AI-powered payments network and shopping assistant, has partnered with premium airline Cathay Pacific to offer fairer, flexible payments to travellers in six countries across Europe.

Klarna receives UK approval to offer credit and payments products

/regulation

Klarna receives UK approval to offer credit and payments products

Klarna has secured approval to offer credit and payments products in the UK ahead of the expiration of a temporary deal arranged in the wake of Brexit.

/BNPL

Marqeta and Credi2 offer instalment capabilities to banks in Europe

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with credi2 to provide an end-to-end instalments platform designed for banks, helping them deliver instalment payments on cards to meet growing consumer demand for more flexible and seamless digital payments experiences.

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