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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
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Australia to Regulate Buy Now, Pay Later Services as Consumer Credit Products With New Laws
Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.
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Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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Australia Proposes New Laws To Regulate Crypto, BNPL
Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century.
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LazyPay Goes Live With 'Buy Now Pay Later' EMI Option: All You Need To Know
LazyPay is also integrating with PayU payment gateway, to extend the BNPL solution to more than 3.5 lakh PayU-enabled merchants.
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PayPal Heats Up Buy Now, Pay Later Race With $2.7-Billion Japan Deal
PayPal said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7-billion (roughly Rs. 19,840 crores) largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.
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PayPal Heats Up Buy Now, Pay Later Race With $2.7 Billion Japan Deal
The deal tracks rival Square Inc's agreement last month to buy Australian BNPL success story Afterpay Ltd for $29 billion.
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He Was Denied A Credit Card. His Revenge: He Built A Unicorn
Russell Cummer was a credit trader at Goldman Sachs Group Inc. in Tokyo when he tried and failed to get a credit card.
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Amazon Partners With Affirm to Roll Out Buy Now Pay Later Service for US Customers
Amazon has introduced a 'Buy Now Pay Later' service for some its customers in the US in partnership with Affirm.
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As More People Opt For 'Buy Now, Pay Later' Schemes, Are Credit Cards On The Way Out?
'Buy now, pay later' has many benefits compared to traditional credit cards, the one that attracts people the most is the absence of interest charges
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Afterpay's $29-Billion Takeover by Square Throws Spotlight on 'Buy Now, Pay Later' Platforms
The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a sector that is growing rapidly and grabbing the attention of regulators.
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Apple, Affirm Said to Launch Buy-Now-Pay-Later Programme in Canada
Apple is said to be extending its "buy now, pay later" programme to Canada after its success in US, UK, and Europe. It allows people to pay for iPhone, Mac, and iPad over 12 to 24 months.
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Square Led by Twitter's Jack Dorsey Acquires Australian ‘Buy Now Pay Later’ Giant Afterpay for $29 Billion
Square led by Twitter’s Jack Dorsey has acquired Australian ‘buy now pay later’ no-checks credit company Afterpay for $29 billion (roughly Rs. 2,15,620 crores).
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In Australia's Biggest-Ever Buyout, Twitter Head's Firm To Acquire Afterpay
Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm.
-
Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
-
Australia to Regulate Buy Now, Pay Later Services as Consumer Credit Products With New Laws
Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.
-
Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
Australia Proposes New Laws To Regulate Crypto, BNPL
Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century.
-
LazyPay Goes Live With 'Buy Now Pay Later' EMI Option: All You Need To Know
LazyPay is also integrating with PayU payment gateway, to extend the BNPL solution to more than 3.5 lakh PayU-enabled merchants.
-
PayPal Heats Up Buy Now, Pay Later Race With $2.7-Billion Japan Deal
PayPal said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7-billion (roughly Rs. 19,840 crores) largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.
-
PayPal Heats Up Buy Now, Pay Later Race With $2.7 Billion Japan Deal
The deal tracks rival Square Inc's agreement last month to buy Australian BNPL success story Afterpay Ltd for $29 billion.
-
He Was Denied A Credit Card. His Revenge: He Built A Unicorn
Russell Cummer was a credit trader at Goldman Sachs Group Inc. in Tokyo when he tried and failed to get a credit card.
-
Amazon Partners With Affirm to Roll Out Buy Now Pay Later Service for US Customers
Amazon has introduced a 'Buy Now Pay Later' service for some its customers in the US in partnership with Affirm.
-
As More People Opt For 'Buy Now, Pay Later' Schemes, Are Credit Cards On The Way Out?
'Buy now, pay later' has many benefits compared to traditional credit cards, the one that attracts people the most is the absence of interest charges
-
Afterpay's $29-Billion Takeover by Square Throws Spotlight on 'Buy Now, Pay Later' Platforms
The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a sector that is growing rapidly and grabbing the attention of regulators.
-
Apple, Affirm Said to Launch Buy-Now-Pay-Later Programme in Canada
Apple is said to be extending its "buy now, pay later" programme to Canada after its success in US, UK, and Europe. It allows people to pay for iPhone, Mac, and iPad over 12 to 24 months.
-
Square Led by Twitter's Jack Dorsey Acquires Australian ‘Buy Now Pay Later’ Giant Afterpay for $29 Billion
Square led by Twitter’s Jack Dorsey has acquired Australian ‘buy now pay later’ no-checks credit company Afterpay for $29 billion (roughly Rs. 2,15,620 crores).
-
In Australia's Biggest-Ever Buyout, Twitter Head's Firm To Acquire Afterpay
Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm.
