Consumers see this process as seamless and instant. It's just the start of a complex process for the retailers involved in the transaction.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
John Tomich, CEO of Credit Key, said he sees evidence of credit washing and wants to bring awareness to the recent trend.
TransUnion's latest quarterly study found most Americans could be experiencing a 'personal recession' with 54% stating their incomes were not keeping up with inflation.
The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.
Save now, pay later capability as an embedded e-commerce service is Accrue Savings' response to the waves of credit forced on consumers.
Pinwheel released a consumer finance survey that showed 75% of respondents wished consumer finance relied on more than just credit scores.
Several factors are contributing to rising rates of BNPL fraud, Sift's trust and safety architect Brittany Allen said. Through its end-to-end Digital Trust and Safety Platform, Sift helps clients proactively stop fraud at crucial transaction points while fuelling growth.