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.
Area of Interest: Buy Now Pay Later (BNPL)
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 […]
In Memoriam
The Nilson Report was founded by H. Spencer Nilson in Los Angeles in 1970. Spencer passed away this month here in Santa Barbara. He was 101. Our company is a family business. Its executives include second- and third-generation members. In memoriam, we wish to share with you some of our patriarch’s life story. Spencer entered […]
Experian’s Specialty Credit Bureau for BNPL
When consumers make a purchase with a credit card, the purchase amount gets added to their existing outstanding debt on that card. That outstanding debt figure is not monitored in real time by Experian, Equifax and TransUnion, the big three U.S. credit bureaus. However, they typically see outstanding debt when issuers report “use of available […]
Santander’s Buy Now, Pay Later Platform
Santander Consumer Finance, a business of Spain-based Banco Santander, Europe’s fourth largest bank, has 19 million customers and operates through 63,000 merchants. Consumer Finance, not the bank’s credit card unit, operates the Zinia buy now, pay later (BNPL) platform, which opened for business in Germany a year ago. Zinia offers installment credit for online and […]
