Despite COVID-19 having challenged the retail industry, consumers have substituted trips to the mall with online purchases in droves as evidenced by Zip Co’s (ASX: Z1P) results though May with the BNPL provider reporting a 78% increase in YoY monthly revenues to $15.6m. Beyond the significant increase in their online payment volumes, transaction volumes were
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Consumers tired of maintaining multiple accounts, downloading multiple apps and receiving multiple bills will soon have access to new Buy-Now-Pay-Later platform bundll which is a world-first BNPL product which can be used anywhere that accepts Mastercard. Touted as the a ‘Buy EVERYWHERE, Pay Later’ product, bundll was created via a strategic partnership between FlexiGroup (ASX:
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It’s been a rough first month since listing on the ASX for Buy-Now-Pay-Later (BNPL) service provider Openpay (ASX: OPY) but the fintech is diversifying into the B2B market with the launch of Openpay For Business – software designed to streamline trade account management. Despite its Openpay branding, Openpay For Business will not offer B2B partners
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Seeking to increase their exposure to the Buy-Now-Pay-Later (BNPL) trend, Commonwealth Bank (ASX: CBA) has invested a further USD $200 million into European BNPL provider Klarna, bringing their total investment to $300m for a 5.5% stake. CBA invested US$100m into Klarna Group last year for a 1.8% stake in the company and with this additional
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