Amex dives into buy-now pay-later market in challenge to Klarna finance American Express has launched a new offering for UK customers to pay off credit card purchases in monthly instalments as it looks to capture further market share from the likes of Klarna.
Buy Now Pay Later lenders in fight for survival, says Moody’s buy now pay later Moody's says that tightening financial conditions and rising competition has brought challenges for independent Buy Now Pay Later lenders.
Klarna hits back at Moody’s over buy now pay later warning Klarna Klarna has hit back at a Moody's report, saying its characterisation of the riskiness of buy now pay later debt seems to “lack nuance”.
Buy-now pay-later firms welcome Labour call to regulate amid Treasury delays November 7, 2023 Buy now pay later (BNPL) firms have welcomed calls from Labour to regulate services such as Klarna in the same way as credit cards.
Plans to shelve buy-now pay-later rules ‘incredibly concerning’, says Which? July 17, 2023 A top campaign group has sounded the alarm today after it emerged that the government is preparing to shelve plans to clampdown on the buy-now pay-later (BNPL) sector.
Cash-strapped Brits pushed towards payday loans and buy-now pay-later, FCA warns September 29, 2023 The Financial Conduct Authority has warned the cost of living crunch is pushing Brits toward payday loans and buy-now pay-later products today as it launched a fresh financial inclusion drive.
Exclusive: Zopa snaps up buy-now pay-later firm DivideBuy February 16, 2023 Digital lender Zopa is set to snap up buy-now pay-later firm DivideBuy as it kicks off a dealmaking push following a funding round earlier this year. The deal marks the London-based bank’s first acquisition and comes after it raised a £75m warchest in January, which bosses said would be channelled into dealmaking. Zopa did not [...]
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]
Ashley’s Frasers Group set to roll out buy-now pay-later product January 29, 2023 Billionaire Mike Ashley’s Frasers Group is finalising a move to roll out its own buy-now, pay-later (BNPL) scheme which will allow shoppers to borrow up to £2,000, according to reports.
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]