buy now pay later

Whether it’s Buy Now Pay Later (BNPL), prepaid or lay-by, customers are looking for alternative ways to pay for their purchases. That has seen the emergence of a new class of company currently beloved by investors (and many consumers), and in Australia best exemplified by Afterpay (although at least one

PayPal today announced the launch of PayPal Pay in 4 in Australia as it seeks to claw back market share from local sector leaders like Afterpay and Zip. The company says it will provide an interest-free buy now, pay later solution to consumers at no additional cost to PayPal business

The share of Australian consumers using buy now pay later (BNPL) at online checkouts will more than double by 2024, according to forecasts from global payments provider FIS. It means potentially millions more Australians are expected to take up the payment method which welfare groups have warned harms consumers and

Buy Now Pay Later provider Klarna has added half a million Australian consumers in less than a year through “meaningful” personalisation and what its local leader describes as a “carrot” approach to repayments. Launched a year ago nearly to the day with $300 million of backing from CBA, Klarna entered

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