A recent survey of 2,000 U.K. consumers conducted by Opinium on behalf of Barclays found that more than a third don’t fully understand the consequences of missing ‘buy now, pay later’ (BNPL) repayments, and 52% are unaware that “unregulated BNPL providers” don’t have to carry out “robust affordability checks.”
Read MoreJack Dorsey announced he’s stepping down from his role as CEO of Twitter, but the move may allow for a sharper focus on Square, the payments company where he will remain CEO.
Read MoreKlarna, the $46B Swedish company whose toolset allows retailers to offer ‘buy now, pay later’ (BNPL) capabilities, reported a $344M loss from January to September.
Read MoreApple CEO Tim Cook told an audience at the New York Times Dealbook Summit this week that the company has no immediate plans to allow crypto payments through Apple Pay.
Read MorePayments firm Square, which reported third-quarter earnings on Thursday, showed declining revenue from bitcoin transactions, although gross profit increased 43% to $1.13B
Read MoreStripe, a company whose tools allow merchants to accept payments, is partnering with ‘buy now, pay later’ (BNPL) firm Klarna in an effort to enhance offerings for client merchants.
Read MorePayPal, a company that focuses on digital payments and e-commerce, is reportedly in talks to acquire social media and shopping platform Pinterest for $45B.
Read MoreSquare, a company that focuses on payments and banking for businesses, announced an integration with social media platform TikTok, allowing sellers on the Square platform to reach more customers.
Read MoreMastercard is jumping on the ‘buy now, pay later’ (BNPL) train by offering banks and fintechs capabilities to offer these solutions.
Read MoreThe Points Guy, a lifestyle and travel media company owned by Red Ventures, is launching an app that allows users to track all of their airline, hotel and credit card points in one place in an effort to maximize earning potential.
Read MoreRemitly, whose mission is to make international money transfers easier and cheaper, began trading shares on the Nasdaq on Thursday.
Read MoreGoldman Sachs is deepening its push into financial services for the masses with a planned acquisition of GreenSky, a lender focused on home improvement.
Read MorePayPal expanded its global ‘buy now, pay later’ (BNPL) bet through its planned acquisition of Paidy, a Japan-based BNPL provider.
Read MoreGoDaddy, the domain registrar and web hosting company, is pushing ahead into financial technology by rolling out invoicing and payments capabilities for web designers and developers who use its platform.
Read MorePayPal-owned Venmo announced a partnership with banking technology company Fiserv to offer gig workers the opportunity to get their paychecks and tax refunds deposited into their Venmo accounts.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
