Posts tagged "buy now pay later"

Zip claims the closure of its UK and Singapore offices, the "retirement" of Pocketbook, and a crackdown on bad debts will help turn the ship around.

In an email to customers on Monday, Afterpay said it was “aware of recent increases in fraudulent phishing text and email activity” across the industry.

In response to some sobering statistics on the way BNPL shopping makes customers feel, Up bank has launched Maybuy, which automates instalment payments before purchasing an item.

In five years, we will look back fondly on the BNPL sector much like we reminisce on the follies of the mid-2000s bubble like Babcock & Brown or Allco, or the dot com insanity of 1999, says Adam Schwab.

As Australian lawmakers consider how best to regulate the BNPL sector, a leading industry group claims pay-in-four systems provide a massive boon to local retailers and benefit local consumers.

BNPL doesn’t work like a credit card and it therefore shouldn’t be regulated like a credit card, says Afterpay VP of global regulatory affairs Michael Saadat. 

Australian fintech Brighte says market volatility influenced its decision to lay off 32 staff members, but bad debts affecting the broader BNPL sector were not a pressing concern.

With the launch of Apple Pay Later, the world's largest tech company is trying to consolidate its foothold in the world of consumer finance, and increase its profitability.

It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.

Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.

The CEO of the buy now, pay later provider has taken to LinkedIn to provide a list of laid off Klarna employees other companies should consider hiring.

Square's physical point-of-sale systems are now integrated with Afterpay, letting the BNPL juggernaut reach into the hospitality sector.