The Latest Breaking News from BNPL

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

Swedish ‘buy now, pay later’ company Klarna Bank saw its borrowing costs climb to their highest level on record as rising rates hit the company’s debt and equity valuation.

Companies like Klarna and Afterpay can enable bad spending habits, tank your credit, and lack the consumer protections of genuine credit lenders.

Klarna said it will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.

Move by Swedish firm, the UK’s leading buy now, pay later company, will begin on 1 June

If a farmer needs to buy cattle or grain, should they be approved for huge loans within 48 hours? The buy now, pay later industry moves in on farmers who could take advantage of six to 12-month loans.

Australians are seeking out buy now, pay later options to cover daily essentials at an alarming rate, as more people struggle to survive.

Finance experts are concerned about the expansion of buy now pay later platforms into everyday shopping as supermarkets and petrol stations open their arms.

The BNPL industry has gained traction lately owing to consumers' growing preference for deferred payment of online purchases. Furthermore, rising investments by prominent industry leaders have been driving the BNPL market’s growth. So, Wall Street analysts expect fundamentally strong BNPL stocks PayPal (PYPL), Block (SQ), and Affirm (AFRM) to deliver…

First UK high street bank moves into lucrative yet unregulated payment sector

The bank said it would put safeguards in place to help make sure lending is affordable