Tag: BNPL
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Apple begins sharing BNPL data with Experian
Apple has announced that it will start sharing buy now, pay later (BNPL) data with Experian, one of the largest credit reporting agencies in the world. This move is aimed at helping consumers build credit history and improve their credit scores. BNPL services have become increasingly popular in recent years, allowing consumers to make purchases…
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Cash-strapped consumers turn to BNPL: Fed survey
Cash-strapped consumers turn to Buy Now Pay Later (BNPL) services, according to recent Federal Reserve survey In a recent survey conducted by the Federal Reserve, it was found that cash-strapped consumers are increasingly turning to Buy Now Pay Later (BNPL) services to finance their purchases. This trend highlights the growing popularity of BNPL services as…
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Adyen, Billie partner to bring BNPL to European businesses
Adyen, a global payment company, and Billie, a leading buy now, pay later (BNPL) provider, have announced a partnership to bring BNPL services to European businesses. Adyen’s payment platform will now integrate with Billie’s BNPL solution, allowing businesses to offer their customers the option to pay for their purchases in instalments. This partnership aims to…
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BNPL popularity rises among ‘financially fragile’ consumers
BNPL Popularity Rises Among ‘Financially Fragile’ Consumers Buy Now, Pay Later (BNPL), an increasingly popular alternative payment option, has witnessed a rise in adoption among financially fragile consumers. With its ability to provide short-term financial flexibility, BNPL services have emerged as a convenient solution for individuals living paycheck to paycheck or lacking a stable income.…
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PSCU/Co-op Solutions launches BNPL tool
By [Your Name] Date: [Current Date] Introducing PSCU/Co-op Solutions’ New Buy Now, Pay Later Tool Leading financial technology company, PSCU/Co-op Solutions, has announced the launch of its latest innovative tool – the Buy Now, Pay Later (BNPL) solution. This flexible payment option aims to simplify the purchasing process and enhance the customer experience for users…
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ePayPolicy launches BNPL for insurance
ePayPolicy Launches Buy Now Pay Later (BNPL) Option for Insurance ePayPolicy Logo ePayPolicy, a leading digital payment platform for the insurance industry, is revolutionizing the way insurance payments are made by introducing a new Buy Now Pay Later (BNPL) option. This innovative feature allows policyholders to split their premium payments into smaller, manageable installments spread…
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Regulator’s BNPL guidance may go beyond banks
The latest guidance proposed by regulators for Buy-Now-Pay-Later (BNPL) providers may stretch beyond traditional banks, signaling a shift in regulatory focus within the financial sector. The appetite for BNPL services has surged in recent years as consumers seek flexible payment options and an alternative to using credit cards. Typically, BNPL providers allow customers to split…
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Study on the UK’s BNPL shows repayment fees trend for one-quarter of users
Introduction A recent study conducted on the Buy Now Pay Later (BNPL) trend in the United Kingdom has revealed concerning findings regarding repayment fees. The study focused on users of BNPL services and found that approximately one-quarter of users faced repayment fees during their experience with BNPL schemes. The Rise of BNPL Buy Now Pay…
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Holiday shoppers spent $16.6B online using BNPL: report
Holiday shoppers spent $16.6B online using BNPL: report A recent report reveals the staggering amount of money holiday shoppers spent online through the “Buy Now, Pay Later” (BNPL) service, amounting to a whopping $16.6 billion. This surge in BNPL usage showcases the popularity and convenience it offers to consumers. What is BNPL? BNPL is a…
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Senators prod CFPB on BNPL oversight
Senators Prod CFPB on BNPL Oversight A group of Senators has urged the Consumer Financial Protection Bureau (CFPB) to enhance its oversight on Buy Now Pay Later (BNPL) services, citing concerns for potential predatory practices and adequate consumer protection. Buy Now Pay Later has gained immense popularity in recent years, as it allows consumers to…
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Google Pay taps Affirm, Zip for BNPL
In an effort to enhance its financial services offerings, Google Pay has partnered with buy now, pay later (BNPL) providers Affirm and Zip. The collaboration aims to provide Google Pay users with more flexible payment options and further expand its user base in the e-commerce space. Affirm is a renowned BNPL platform known for offering…
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BNPL growth decelerates: Bank of America
The Bank of America recently released a report highlighting the deceleration in growth for the “Buy Now Pay Later” (BNPL) industry. BNPL has gained significant popularity in recent years, especially among younger consumers who desire more flexible payment options. BNPL services allow customers to purchase goods and services and pay for them in installments over…
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Australian BNPL regulations delayed until 2024
Australian BNPL Regulations Delayed Until 2024 In a significant development for the Australian fintech industry, the introduction of Buy Now, Pay Later (BNPL) regulations has been delayed until 2024. Originally expected to be implemented in the near future, this delay has both positive and negative implications for the booming BNPL sector. Buy Now, Pay Later…
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BNPL bolsters holiday weekend spending
BNPL Bolsters Holiday Weekend Spending The holiday weekend is a time of celebration and great deals, offering retailers the perfect opportunity to boost their sales and attract more customers. This year, Buy Now, Pay Later (BNPL) services have emerged as a significant driving force behind the surge in consumer spending during this festive period. BNPL…
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BNPL regulation could contribute to consolidation: Moody’s analysts
In recent years, buy now, pay later (BNPL) services have experienced significant growth, attracting both consumers and investors alike. However, as the industry expands, so does the need for greater regulation. Moody’s analysts suggest that the impending regulatory changes in the BNPL space could potentially lead to industry consolidation. The BNPL market is characterized by…
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BNPL companies face grim outlook, Moody’s says
BNPL Companies Face Grim Outlook, Moody’s Says Buy Now Pay Later (BNPL) companies, the trendy financial technology firms enabling consumers to defer payments on purchases, are facing a gloomy forecast, according to a report released by Moody’s Investors Service. The study suggests that BNPL providers will encounter significant challenges due to increasing competition, potential regulatory…
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Generations Federal Credit Union launches BNPL solution
Generations Federal Credit Union Launches BNPL Solution San Antonio, TX – In an effort to provide more flexible payment options to its members, Generations Federal Credit Union has announced the launch of its new “Buy Now, Pay Later” (BNPL) solution. The BNPL solution intends to help its members finance their purchases without incurring any interest…
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BNPL, EWA bills surface at House hearing
In a recent House hearing, significant attention was drawn to two prominent bills aimed at addressing modern-day consumer financing challenges. The first bill, entitled “Buy Now, Pay Later” (BNPL), focuses on legal guidelines, transparency, and consumer protection aspects in the burgeoning BNPL market. The second bill is the “Earned Wage Access” (EWA) bill, intending to…
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U.S. Bank jumps into BNPL
U.S. Bank—one of the largest banks in the United States—has announced its entry into the booming Buy Now, Pay Later (BNPL) space. This move comes in response to the increased adoption and popularity of “BNPL” payment options that have gained immense traction in recent times. The BNPL model allows consumers to make purchases upfront and…
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Marqeta partners with Scalapay for BNPL in Europe
Published on March 15, 2023 Marqeta, a leading global modern card issuing platform, has announced a strategic partnership with Scalapay, a leading Buy Now Pay Later (BNPL) provider in Europe. This partnership aims to enhance the payment experience for consumers across the European market. Scalapay provides interest-free installment plans that allow customers to split their…