#BNPL #POSFinance / Afterpay Offers In-Store Payment Solution Across U.S.

Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet. Just like using Afterpay online, customers can pay for their in-store purchases in four installment payments, without the need to take out a traditional loan or pay upfront fees or interest.Continue reading “#BNPL #POSFinance / Afterpay Offers In-Store Payment Solution Across U.S.”

#BNPL / With Gen Z taking notice, can buy-now-pay-later become the new favorite payment method?

[Max Levchin:] “I do believe the age of credit cards is rapidly coming to — I wouldn’t call it an end, but a viable alternative in the buy-now-pay-later tools.” *** A recent AfterPay report describes the average Gen Z consumer as a cautious spender, extremely active on social media, and wary of credit… Credit warinessContinue reading “#BNPL / With Gen Z taking notice, can buy-now-pay-later become the new favorite payment method?”

#BNPL / Target Pilots Buy Now Pay Later With Sezzle

Sezzle, the installments payments platform, will be working on buy now, pay later (BNPL) services with Target… The collaboration will involve “limited tests with a small portion of Target.com guests in two product categories to evaluate the efficacy of the Sezzle platform for Target’s retail operations.” Sezzle says it plans to issue an update toContinue reading “#BNPL / Target Pilots Buy Now Pay Later With Sezzle”

#BNPL #POSFinance / Ally Lending Joins Forces With Sezzle For Retail Market Lending Offering

Ally Lending, the personal lending arm of Ally Bank… added to its retail market lending offering through its new agreement with installment payments platform, Sezzle… through the partnership it will bring a fully digital application process to Sezzle for purchases up to $40,000, and monthly fixed-rate installment loans that can extend up to 60 months.Continue reading “#BNPL #POSFinance / Ally Lending Joins Forces With Sezzle For Retail Market Lending Offering”

#BNPL #POS Finance / Aussie BNPL Zip closes $296m acquisition of US player QuadPay

The Afterpay rival also recently landed an AUD 200 million funding deal with US investor Heights Capital Management… Zip is focusing a big part of its expansion efforts stateside, as rival Afterpay steps into Europe with its Spanish BNPL acquisition. New York-based Quadpay allows customers to pay in four interest-free instalments over six weeks, eitherContinue reading “#BNPL #POS Finance / Aussie BNPL Zip closes $296m acquisition of US player QuadPay”

#BNPL #POSFinance / Mastercard, TSYS Team To Expand Installment Payment Offerings

The deal allows Mastercard customers to split transactions into installments before, during or after checkout. It supplements Mastercard’s merchant offerings through application programming interface (API)-based solutions, commercial partnerships and acquisitions, the company said. [Mercator Advisory Group:] “Adding the installment lending function to a bank card is suitable for all parties in the transaction” … itContinue reading “#BNPL #POSFinance / Mastercard, TSYS Team To Expand Installment Payment Offerings”

#BNPL #POSFinance / PayPal introduces interest-free buy-now-pay-later product

PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later instalment offering for merchants… PayPal says Pay in 4 can help merchants drive conversion, revenue and customer loyalty without taking on additional risk or paying any additional fees. Merchants get paid upfront while customers pay for purchases between $30 and $600 in four instalments overContinue reading “#BNPL #POSFinance / PayPal introduces interest-free buy-now-pay-later product”

#Payments / BBVA to test softPOS payment application

BBVA is to run trials of software that enables merchants to accept contactless transactions on their Android mobiles without the need for any additional hardware. The PhonePOS solution was developed by Rubean in partnership with German compatriot CCV, encryption key specialist Intertrust and penetration testing outfit Riscure. The product, which transforms Android handsets running 8.0Continue reading “#Payments / BBVA to test softPOS payment application”

#BNPL / Afterpay Expands Into Canada

Afterpay continues on its program of rapidly expanding the reach of its buy-now-pay-later (BNPL) services, this time by moving into the Canadian market. The big picture, the company said, is that “over 55,000 brands and retailers are offering, or in the process of offering, Afterpay to its more than 10 million customers across the world.”Continue reading “#BNPL / Afterpay Expands Into Canada”

#BNPL / Afterpay Buys Pagantis For €50M To Expand Its EU Footprint

… Afterpay is known for its buy now, pay later (BNPL) programs. Pagantis… offers payment services for eCommerce businesses in Spain, France and Italy. … Afterpay said the deal would “expedite its expansion into Europe and capitalize on a market primed for ‘buy now, pay later’ (BNPL) services… With large millennial populations, a strong fashionContinue reading “#BNPL / Afterpay Buys Pagantis For €50M To Expand Its EU Footprint”