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A London-based buy now, pay later startup, Zilch, has been valued at $500 million after a round of funding after the Klarna rival raised $80 million from investors.
Zilch is…
Read More“Buy Now, Pay Later” firms to be hit with FCA regulation amid growing debt fears
‘Buy now, pay later’ firms like Klarna and Laybuy will now face tougher regulations by UK authorities after their usage nearly quadrupled last year.
The Financial Conduct Authority (FCA) will…
Read More170 online retailers in breach of consumer law over returns policies
Nearly 200 online retailers offering payment via “buy now, pay later” (BNPL) schemes have been found to be in breach of UK consumer law.
Which? has found 170 retailers, promoted…
Read MoreEbay to begin offering “buy now pay later” scheme
Ebay is set to launch a “buy now pay later” scheme next year as it partners with payments giant Afterpay.
Afterpay will launch on Ebay’s Australian platform in 2020, enabling…
Read MoreMarks & Spencer launches instalment payment option with Clearpay
Marks & Spencer has partnered with Clearpay to launch an online instalment payment option for UK customers from mid-November.
Customers on the retailer’s site will be able to make purchases…
Read MoreMillennials driving retail innovation as spending habits shift
Millennials are increasingly adopting new payment methods as their spending habits shift dramatically away from credit cards.
Young UK shoppers have become “credit-averse” and are instead adopting innovations like digital…
Read MoreBoohoo and Urban Outfitters to offer pay later option amid new partnership
Boohoo and Urban Outfitters are now offering customers the chance to pay in installments for free on their debit cards as they partner with Afterpay Touch Group. The Australian digital…
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