Tag "buy now pay later (BNPL)"
Is the Death of BNPL Services Imminent?
The global flirtation with Buy Now Pay Later (BNPL) services seems to be coming undone, as new data on consumer payments unveils a significant drop in the appetite for this contentious credit payment approach. BNPL experienced a surge and became
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BNPL Profitability Remains Elusive Despite Rising Adoption
Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. But despite
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BNPL to Grow Nearly 9-Fold through 2025 in Southeast Asia
In Southeast Asia, the rise in Internet penetration and smartphone usage, coupled with the region’s booming e-commerce sector and large population of unbanked, are providing fertile ground for alternative payments to strive. Buy now, pay later (BNPL) arrangements, a type
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Fintech Basics: What is Buy Now Pay Later (BNPL) ?
Ever wondered what is buy now pay later? Imagine walking into a store, picking up a gadget or designer outfit you’ve been eyeing, and taking it home immediately without paying the full price upfront. This isn’t a shopper’s fantasy; it’s
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Real-time Digital Payments Fuels Growth Across APAC
The Asia Pacific (APAC) region is rapidly emerging as a stronghold for digital payments, underpinned by customer preferences for a multitude of customised payment journeys, including those for e-commerce purchases, at the point of sale (POS), and business-related transactions. The
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Can BNPL Be Part of a Balanced Financial Strategy?
The rising popularity of Buy Now, Pay Later (BNPL) services among Millennials and Gen Zs in Singapore underscores a gap in financial literacy within these demographics. Many young Singaporeans are drawn to the convenience of BNPL services, often overlooking the potential pitfalls
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A Snapshot of 2023 Payment Trends in Asia
In 2022, usage of digital wallets and account-to-account (A2A) payments continued to grow in Asia-Pacific (APAC), carrying on a trend that was accelerated by the COVID-19 pandemic and the expansion of real-time payment systems, a new report by global financial
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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC
Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted
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Atome Secures In-Principle Approval to Operate as a Major Payment Institution
BNPL platform Atome has received in-principle approval from the Monetary Authority of Singapore to operate as a Major Payment Institution. Once granted, the licence would allow Atome to provide payment services, such as account issuance, domestic and cross-border money transfers,
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Trip.com Partners Atome for BNPL Payments in APAC
Travel platform Trip.com has partnered with buy now pay later (BNPL) provider Atome to offer BNPL options to its customers across the region, starting first in Singapore. The partnership is Trip.com’s first-ever regional partnership with a BNPL platform and is
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