BNPL (Buy Now Pay Later) and installment services are in high demand globally, with the global volume of transactions in this segment forecast to grow by almost $450 billion between 2021 and 2026.

The bank will need to dramatically add to that network as it faces other financial institutions that have warmed to BNPL, and firms such as Klarna, Affirm and Afterpay that have gotten a headstart.

The idea is that Qomodo lets small businesses improve their cash flow and increase revenue with a BNPL solution which lets consumers make flexible, interest-free installments on items purchased in ...

Axio primarily lends to individuals at the point of sale on various e-commerce platforms, including Amazon. E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending ...

In June 2024, Amazon had acquired MX Player, which was later merged with Amazon in October, to create Amazon MX Player. BNPL refers to a service where customers are able to purchase goods of their ...

UK consumers are ignorant of the true costs of BNPL according to research from the Lending Standards Board. The LSB data underscores the need for more awareness of these products. And highlights ...

Just half of BNPL users in the UK are aware of late payment fees, with even fewer knowing how much these fees might be, according to research for the LSB (Lending Standards Board).

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The e-commerce group, which has held an ...

The Consumer Financial Protection Bureau (CFPB) has released data highlighting that more than one-fifth of buy now pay later (BNPL) borrowers with a credit record used BNPL loans in 2022 ...

Little (ADL) has unveiled its latest report, A Trillion-Dollar Opportunity, which explores the transformative potential of B2B buy now, pay later (BNPL) solutions in reshaping global trade.

Younger borrowers hold more BNPL debt as a percentage of their total consumer debt image credit shutterstock The Consumer Financial Protection Bureau (CFPB) has released data highlighting that more ...

In recent years, though, the financial technology or “fintech” revolution in the customer credit market has changed all that, with the meteoric rise of buy-now-pay-later (BNPL) services. BNPL credit ...