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Credit card usage in US stores increases by almost 150%


Credit card usage in US stores increases by almost 150%

According to Zip, U.S. retail customers are increasingly using buy now, pay later (BNPL) options for in-store transactions. In a conference call with analysts on Monday (26 August) to discuss the Australian FinTech company’s financial results for the fourth quarter of fiscal 2024, CEO Cynthia Scott spoke about this change. “Our Americas business had a […]

Zip considers partnership with Apple amid increasing BNPL usage


Zip considers partnership with Apple amid increasing BNPL usage

Australian buy now, pay later (BNPL) company Zip is reportedly considering a partnership with Apple. This collaboration would integrate Zip’s installment plan offering with Apple in the US, CEO Cynthia Scott told the Wall Street Journal (WSJ). The company also plans to announce agreements with major US retailers this quarter, she added. “We don’t currently […]

PayPal’s €43 billion BNPL loan sale to KKR: Boosting the European Buy Now, Pay Later market – FF News


PayPal’s €43 billion BNPL loan sale to KKR: Boosting the European Buy Now, Pay Later market – FF News

BNPL loans issued by PayPal are sold for more than $43 billion in Europe. On Tuesday, June 20, the payments company announced a loan sale to investment firm KKR. The loans were issued in France, Spain, Germany, the UK and Italy. In addition, future BNPL loans that meet the criteria will be underwritten by KKR. […]