Tag: BNPL
FCA sends warning over potential unregulated BNPL products
The Financial Conduct Authority (FCA) has issued a warning to companies that offer Buy Now, Pay Later (BNPL) services that some of the products...
Deko research finds £46bn lost sales expected due to abandoned goods
Consumers abandoning their shopping carts are likely to result in £46bn in lost sales in the next 12 months, according to a recent survey...
Up Bank launches BNPL challenger solution
In what it labelled as a direct competitor to the BNPL market, Up Bank has launched its proprietary MayBuy solution.
Virgin Money’s BNPL move ‘indicative of traditional incumbents entering uncharted territory’
The expansion of Virgin Money into the Buy Now Pay Later sector is a key moment for the industry, according to PPRO’s James Booth.
After...
Virgin Money launches new competition into the BNPL market
Virgin Money is entering the BNPL space announcing its new credit card, Virgin Money Slyce, aiming to allow customers to ‘buy now, pay better’.
Virgin...
Fraugster finds a total of £2.1bn AML fines for 2021
Releasing its Payment Intelligence Report 2022, Fraugster has reported that a total of £2.1bn in AML fines were handed out to over 80 institutions...
Zip eyes UK exit after more than a year in the...
Australian BNPL provider Zip is seeking an exit from the UK market just one year after it launched in the country.
Sky News revealed that...
Deutsche Bank rolls out BNPL offering creating competition within the sector
By collaborating with Austrian fintech Credi2, Deutsche Bank is set to launch its BNPL solution for online merchants and e-commerce firms.
The German bank's newest...
Klarna CEO underlines ‘tremendous opportunity’ following funding round
Klarna CEO and Founder Sebastian Siemiatkowski has underlined that the firm’s latest funding round enables it to seize opportunities in some of the most...
Klarna closes a $800M investment fund to strengthen its valuation
BNPL fintech Klarna has announced the closing of a $800M investment fund that has elevated its valuation to $6.7bn.
With an eye on expanding the...
