buy now pay later

Nearly 2 million Australians used a “buy now, pay later” product like Afterpay or ZipPay last year, according to research from Worldpay, which predicts the local market will double in the next three years. Buy now, pay later (BNPL) has grown from three per cent of all ecommerce payments in

Ant Financial, owner and operator of the Chinese payment platform Alipay, has taken a minority stake in Swedish payments and shopping platform Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide. This investment in Klarna by Ant Financial, the payment

The buy now, pay later market is heating up. Over the last five years, several BNPL providers have emerged which allow shoppers to pay by installments over time, instead of paying the full amount upfront. Last month a new global competitor, Klarna, arrived in Australia with serious backing from the

Retailers have welcomed the launch of Klarna in the Australian market and view the Swedish buy now, pay later company as providing a point of difference in the crowded payments space. Klarna, which is backed by CommBank, launched in Australia a fortnight ago, the company’s 17th market. This global presence

CommBank is making a big play in the buy now, pay later space, investing a total of US$300 million in Swedish Afterpay rival Klarna which officially launched in Australia today.  The bank initially invested US$100 million in Klarna in August 2018, to become its exclusive partner in Australia and New

Australian fintech and innovative payment plan provider Payright announced its first international venture, extending its buy now, pay later service into New Zealand. Brands including Saladmaster, Amway and Nutrimetics already on the platform in Australia will offer Payright in New Zealand, along with a number of photography studios. Other Payright Australian

Tryzens, the international digital commerce consultancy, has developed a bespoke new cartridge for Zip, the Australian buy now, pay later payments solution. The cross-functional cartridge, compatible with Salesforce Commerce Cloud, will make it faster and easier for Australian retailers to integrate Zip into their sites, taking advantage of the booming

Australian Buy Now, Pay Later provider Payright has completed a $27 million Series D fundraise through a mix of debt and equity, led by corporate advisory firm Henslow in partnership with wealth manager Escala Partners. Founded by brothers Piers Redward and Myles Redward in 2016, the business has raised more

Buy now, pay later (BNPL) has changed the way Australians pay for goods and services and usage is growing. A recent Which-50 commissioned study by Pureprofile found the majority of people recognised a BNPL platform and more than half of the respondents have used the payment method before. From the

As Australia’s buy now pay later (BNPL) bill races towards $1 billion, driven by the popularity of services like AfterPay and ZipPay, research commissioned by Which-50 paints a picture of growing impulsivity — especially by younger consumers — and raises some questions about the sustainability of the model. According to