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FinTech firm Ayden has expanded its partnership with Buy Now, Pay Later (BNPL) platform Afterpay.
Twitter co-founder Jack Dorsey’s digital payments platform Block (previously Square) has completed its acquisition of Buy Now, Pay Later (BNPL) firm Afterpay.
A quarterly report by the buy now, pay later (BNPL) business Afterpay has estimated that spending share by Millennials and Gen Z will grow to almost 50% by 2030.
The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?
The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.
Saudi Arabia-based startup Tamara has secured $6m of seed capital on the back of increased activity in the buy now pay later sector.
British consumers spent £2.3bn through buy now pay later schemes to fund their Christmas in 2020, according to new research from Credit Karma.
Klarna and Afterpay are butting heads as market competition is getting fierce across the globe.
Buy now pay later startup Zilch has secured a consumer credit authorisation with the Financial Conduct Authority (FCA), which could be a first for the London-based venture.
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