Galileo Financial Adds BNPL
Galileo Financial Technologies, best known for open-API-based payment processing for 124 million card issuing accounts, has launched Galileo Buy Now, Pay Later in the US.
Area of Interest: Buy Now Pay Later (BNPL)
Jifiti in the Nilson Report
JIFITI has launched a white-label business-to-business BNPL service. The company facilitates buy now, pay later options for Tier 1 and community banks, lenders, credit unions and merchants globally through a single platform.
Apple Pay Later
American users of the Apple Pay wallet will be offered a buy now, pay later (BNPL) option from Apple for purchases made in-store and online of less than $1,000 at any merchant. Users can divide the purchase amount into four equal payments, which must be tied to a debit card.
DivideBuy BNPL in the U.K.
Among more than a dozen providers of buy now, pay later (BNPL) installment loans in the U.K. is DivideBuy, which recently moved its POS credit technology to the cloud prior to a planned expansion of its customer base.
Kueski BNPL in Mexico
Only four countries in the world have higher unbanked populations than Mexico. The country ranks eighth highest in the world when measuring what is called the “informal” economy—the percentage of a population that have jobs but do not pay federal or state taxes.
Digital Currency Update
Binance, a digital currency exchange, has partnered with Contis, a payment processor, to offer Ukrainian refugees a Visa-brand debit card loaded with $75 of the stablecoin Binance USD per month, for three months. The stablecoin is tied to the U.S. dollar.
BNPL Deals Since Jan. 2021
Over the past 15 months, there have been 67 deals involving companies offering buy now, pay later services. Of those transactions, 14 were either mergers or acquisitions.
Mastercard Installments for Buy Now, Pay Later
Mastercard announced its Mastercard Installments BNPL program in September 2021 with participation from Barclays US, Fifth Third, FIS, Galileo, Huntington, Marqeta, SoFi, and Synchrony in the U.S. Installments has since expanded to include Hummgroup and Limepay in Australia, ViaBill in Europe, and Pine Labs and DBS in Singapore, Hong Kong and Indonesia. New partners in […]
Visa Installments for Buy Now, Pay Later
Buy now, pay later installment financing for purchases made online and in-store is becoming a payment option consumers worldwide expect to have, even in markets that offer revolving credit cards. While specialist fintechs that offer BNPL installment payments have been growing rapidly in recent years, the number of consumers with credit and debit cards is […]
White-Label Buy Now, Pay Later Platform
Skeps provides technology on a white-label basis that other companies can use to deliver buy now, pay later (BNPL) point-of-sale financing programs to merchants. The BNPL technology operates on a blockchain. Within their own environment, lenders make available to Skeps a byte code version of their risk models. The private blockchain is used to execute […]
