Payment network Affirm has announced it will be partnering with Amazon on a pay-over-time payment option on the retailer’s website. Amazon customers will be able to split purchase costs into monthly payments using Affirm. Purchases need to be more than 50 dollars, with the total cost of the purchase appearing upfront during checkout. The payment...
Aug. 30, 2021
Digital payments giant Square is to acquire Australian ‘buy now, pay later’ provider Afterpay as the instalment lending market continues to heat up. The 29 billion US dollar (39 billion AU dollar) deal is Square’s biggest acquisition to date and is expected to be paid all in stock. The acquisition will see Afterpay integrated into Square’s...
Aug. 2, 2021
Global banking, payments and shopping service Klarna has launched a new shopping feature that allows customers to pay in instalments at any retailer, even if it does not offer the service. Through the new shopping app feature, customers can shop at any online retailer and use Klarna’s pay-in-3, spreading out payments through three-interest free...
Jun. 8, 2021
Citizens Advice, a UK-based network of legal, money and consumer groups, has recently sounded the alarm regarding Buy-now-pay-later (BNPL) schemes, saying that many users were getting into debt and struggling to pay for food and bills. In a recent research, Citizens Advice found that It found that 45 percent of 18-to-34 year olds have used the...
Apr. 23, 2021
The British Fashion Council is facing a backlash after naming buy-now-pay-later payment service Clearpay as the principal partner ofLondon Fashion Week, which kicked off on February 19. A cross-party selection of 60 MPs has signed a letter expressing their concerns to the British Fashion Council regarding thesponsorshipdeal, a well as urging...
Feb. 22, 2021
The British Fashion Council has confirmed that buy-now-pay-later payment service Clearpay will be the new principal partner of London Fashion Week, starting from this up-coming season kicking off on February 19. On a Zoom call, Caroline Rush, chief executive of the British Fashion Council, explained that Clearpay would be partnering with London...
Feb. 10, 2021
Afterpay, a ‘buy now, pay later’ payments service, has announced it is launching cross border commerce for merchant partners to open their e-commerce sites to consumers in Australia, Britain, Canada and New Zealand. The company, which is known as Clearpay in the UK, plans to open its merchant partners’ e-commerce sites to US consumers next year....
Nov. 13, 2020
PayPal has launched a new feature in the UK allowing customers to make purchases over three, interest-free payments. The new PayPal Pay in 3 feature can be used for purchases between 45 and 2,000 pounds and will appear directly in customers’ PayPal wallets. Businesses will not have to pay any extra fees to enable the new feature, and PayPal will...
Oct. 14, 2020
Payment platform PayPal has launched a new ‘buy now, pay later’ service, allowing users in the US to pay for products in four interest-free instalments. With the new ‘Pay in 4’ feature, merchants and partners will be paid upfront while customers can pay for purchases between 30 dollars and 600 dollars over a six-week period. The service is also...
Sep. 1, 2020
Swedish payment provider Klarna has seen its losses widen sevenfold for the first half of the year as the fast-growing company continues to invest in its global expansion. The firm reported a net loss of 522 million swedish krona (46 million pounds) between January and June, compared to the deficit of 73 million krona it reported in the same...
Aug. 28, 2020
Klarna has updated its shopping experience through a new mobile app that allows consumers access to exclusive deals and product launches. As an alternative payments solutions provider, Klarna's retail offerings are always centered around adding convenience to commerce. In addition to allowing consumers to shop online and pay in four...
Jun. 29, 2020
Splashing out on a new wardrobe has never been easier. Shopping for amazing fashion under the guise of buy now pay later (BNPL) has seen a new generation face increased debts, specifically for buying clothing and accessories. Once the maxim of credit card companies, where spending large sums on big ticket items could be paid in instalments, it...
Feb. 12, 2020
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