“U.S. Bank, an industry leader in payment services, has enhanced its ExtendPay ™ offering, which provides U.S. Bank consumer and business cardmembers with the ability to buy what they want now and pay for it later, providing them with added flexibility and control over their cash flow. ExtendPay is a new payment option that allows customers to divide eligible purchases into affordable, fixed monthly payments with no added interest – just a fixed monthly fee.”

“Zilch , the London, head-quartered fintech Unicorn, today announces it has taken another major step forward in innovating its technology to measure affordability through its latest partnership with Experian, the global information services company to begin reciprocal reporting of Buy Now Pay Later credit information. Zilch continues to pioneer the space by making use of a unique blend of CRA data, Open Banking data and its own proprietary behavioural data to make active consumer lending decisions. This creates a 360 degree view of a customer’s affordability at any given time.”

“As consumer interest in ‘Buy Now, Pay Later’ (BNPL) continues to grow, Visa announced today its intention to collaborate with Air Canada, the flag carrier and Canada’s largest airline, to facilitate the offering of Visa Installment Solution to eligible credit cardholders, giving Canadian travelers more choice and flexibility over how they pay for their airline purchases. With this collaboration, Air Canada would be among the first airlines globally to participate in Visa Installments Solution.”

“eBay is partnering with Klarna to bring new flexible payment options to German shoppers.   The two new Klarna payment options being added to eBay.de will supplement the existing payment methods, which include Klarna’s Pay Now service (Sofortüberweisung).  Customers will now also be able to access Pay Later (Invoice) and Financing, giving them several options to choose from on every purchase, whether that’s paying immediately or at a later time.”

“Mastercard today announced a growing list of leading partners, including BNPL specialists and globally recognized brands, further expanding Mastercard Installments, the unique BNPL program that delivers greater choice at checkout, both in-store and online.Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c, Lithic, Saks Fifth Avenue, Sutton Bank and Walgreens join the wide array of partners already working with Mastercard on the BNPL program. They are the latest brands to embrace the benefits of adopting Mastercard Installments’ innovative open loop model.”

“Nearly 20 percent of U.K. credit cards were used last year to make buy now-pay later payments, a “warning flag” for regulators concerned about consumers taking on more debt than they can afford, said new research from three British economists. The working paper , published online last month though not yet in an academic journal, examined the transactions of one million credit cards held by U.K. consumers and discovered 19.5% of active U.K. credit cards were used for charges covering buy now-pay later (BNPL) transactions last year.”

“In an Australian first, on-demand delivery platform DoorDash is partnering with Afterpay to offer buy now, pay later finance options on all orders. The market-first partnership will allow users to pay for DoorDash orders, and DashPass subscriptions, across four installments at no additional cost.”

“PollenPay, the Manchester-based ‘Buy Now, Pay Later’ (BNPL) company has officially launched in the UK. The company’s mobile-based application is now available as a free download for all customers aged 18 or above, via Apple ’s App Store. PollenPay’s new mobile application will give its customers more flexibility when making payments.”

“The Sweden-based buy now, pay later provider Klarna AB on Friday announced a major move in its increasingly crucial U.S. market with the news that it will provide its payment service to Brookfield Properties, a real-estate developer with more than 150 shopping centers. The agreement, which makes Klarna the exclusive provider for New York City-based Brookfield, also further extends BNPL into in-person shopping as U.S. consumers return to stores.”

“Swedish payments company Klarna on Monday reported that losses widened sharply in 2021 as it has “massively accelerated” global expansion with the addition of 10 new markets since the start of 2020. Operating losses rose to 6.58 billion Swedish crowns ($688.85 million), from 1.63 billion crowns in 2020. The company, which offers a buy now, pay later service, said the United States continued to be its fastest-growing key market by volume.”

“To help promote financial inclusion opportunities for this growing population, and allow the financial community to accurately capture credit behaviors of consumers using such loans and other point-of-sale installment products, TransUnion (NYSE: TRU) introduced today its new Point-of-Sale suite of solutions . Inclusion of point-of-sale loans on the consumer credit file is likely to benefit the populations most in need of new tools to build and improve their credit.”

“Klarna Bank AB is adding the option for customers to pay immediately at checkout in nine new markets while expanding its rewards program, as it targets becoming a one-stop lender for consumers. The company grew to a $46 billion valuation and 100 million users on the back of allowing customers to pay for purchases in installments, fueling a rise in buy-now-pay-later startups. After launching ‘Pay Now’ in the U.S. and U.K. last year, Klarna is now rolling out the service to Australia, Ireland, France, Italy, Spain, Portugal, Poland, Canada and New Zealand, according to a statement.”

“EyeBuyDirect , the leading online retailer for prescription eyewear, and Afterpay , the leader in “Buy Now, Pay Later” payments, today announced a partnership to bring flexible spending to customers shopping online at the popular direct-to-consumer eyewear company.”

“Sezzle Inc. (ASX: SZL) (Sezzle or Company) // – Sezzle , a leading mission-driven Buy Now, Pay Later solution, announces the accession of its financing product into healthcare. In partnership with WellNow Urgent Care, one of the country’s top urgent care providers, Sezzle’s interest-free solution is now available at over one hundred WellNow clinics across New York, Ohio, Illinois, Michigan, and Indiana.”

“American Express and Delta Air Lines have been longtime partners in the card space, and today they announced that they’re giving consumers more flexibility to pay for flights over time. Starting Feb. 17, American Express cardholders will be able to use Plan It® , Amex’s branded buy now, pay later (BNPL) feature, to cover Delta flights of $100 or more.”

“Square now offers the ability for developers and partners to integrate Afterpay into their online checkout flow through the Square Web Payments SDK. Afterpay is a global leader in the buy now, pay later (BNPL) space with more than 20M customers signed up in North America and nearly 100K businesses accepting it globally .”

“Klarna , a leading global retail bank, payments and shopping service, today announced that its waitlist for the Klarna Card is now open to all US consumers. The Klarna Card will bring the company’s popular “Pay in 4″ service to a  physical VISA card form issued by WebBank, empowering consumers to pay over time in four payments for any in-store or online purchase.”

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software , today announced ACI PayAfter ™, a new solution that enables merchants globally to provide their customers with a choice of more than 70 BNPL options through a single integration. The innovative user interface enhances acceptance rates and serves a broader base of customers traditionally overlooked, boosting merchant sales worldwide. For merchants, ACI PayAfter offers one application and a single contract that reduces the complexity and cost of integration, as well as faster speed to market, and actionable customer intelligence.”

“Singtel and Zip, a leading global Buy Now, Pay Later (BNPL) player, today announced an exclusive partnership to launch Zip’s Pay Later service in Singapore on the Dash app. This new service provides an alternate payment option for Dash customers, giving them the flexibility to choose between paying for their purchases immediately with Dash or paying later with Zip.”

““The reality is the BNPL provider’s bad debts are astronomical, none of them have made a profit, none of them have paid a divided and share prices are down 70 to 80 to even 90 per cent in some cases.” Afterpay reported a $156.3 million loss for the last financial year, which was up by almost 700 per cent compared to the previous year’s loss. Rival BNPL service Zip also reported a $652 million loss, a whopping 3000 per cent increase on last year, where it had announced a $20 million deficit.”