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.
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 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 […]
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 […]
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 […]
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 […]
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 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 […]