Tag: BNPL
Buy Now Pay Later (BNPL): Managing the associated risks
Buy Now Pay Later (BNPL) is becoming a prominent payment option, notably on e-commerce platforms. This transformative fintech-enabled payment option offers customers an alternative...
MTN, Bboxx to increase smartphone penetration in Rwanda, lessons for Ghana
African telecom giant MTN and tech company Bboxx are partnering to increase smartphone access in Rwanda, TechTrendsKe reports.Despite network coverage of 99%, the country’s...
Bolt introduces Ride-Now-Pay-Later in Nigeria
Bolt has introduced a ride-now-pay-later option in Nigeria, in partnership with Nigerian BNPL start-up, Credpal.The option means Nigerians will soon be able to take...
MTN, others partner to sell phones on credit to Nigerians
In a bid to bridge the huge internet connectivity/access gap in Africa, the continent’s biggest telecoms/technology firm, MTN has initiated a buy-now-pay-later (BNPL) scheme...
eCommerce losses to online payment fraud to exceed $48 billion globally...
A new study from Juniper Research has found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023, from just...
Buy Now Pay Later users to top 900 million Globally by...
A new study from Juniper Research has predicted that the number of BNPL (Buy Now Pay Later) users will surpass 900 million globally by 2027; increasing...
Apple launches BNPL product
Apple has jumped into the buy now, pay later (BNPL) market, enabling US customers to split Apple Pay purchases into instalments.Available for all in-app...
Debts piling on shoppers using BNPL – Barclays Report
Barclays is calling for more robust regulation of all buy-now-pay-later products as it releases new research which suggests the lack of consistent affordability assessments...
UK: BNPL firms ordered to refund charges to users following regulator...
The Financial Conduct Authority is cracking down on potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay ahead up-and-coming...
TradeDepot raises $110 million to extend ‘Buy-Now-Pay-Later’ to retailers across Africa
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support...