-
As tech giants rush into point-of-sale lending, the smaller companies that built the market are counting on acquisitions and partnerships with specialized vendors to defend their turf and pull in new borrowers.
August 9 -
The $29 billion purchase of the Australian installment lender would bring larger retail relationships, as well as a fast-growing product that has appeal to both consumers and merchants.
August 2 -
The $29 billion deal would enable Square to better compete with PayPal and Apple, and provide an opportunity to cross-sell other services to the Australian lender's global audience.
August 2 -
Persistent coronavirus fears have accelerated consumer interest in checkout-free retail options like Amazon Go, just as new technologies like 5G make such concepts more practical to implement.
July 28 -
The tech giant is entering a heavily competitive market led by large companies like PayPal and hot startups like Affirm and Afterpay.
July 16 -
The fintech, which arranges point-of-sale loans in partnership with merchants, was fined $2.5 million by the Consumer Financial Protection Bureau and ordered to refund up to $9 million to consumers who received loans they never applied for.
July 12 -
Shoppers surveyed in the U.S., U.K. and Australia cited concerns about debt and fees, along with a general lack of knowledge about how installment loans work, as reasons for their skepticism.
July 7 -
Building on renewed consumer interest in digital payments, companies such as linked2pay and Pax are making it easier for retailers to add options like ACH and to import shopper data into back-office systems.
July 2 -
Low card penetration and sparse borrower information in the region make it hard to determine an applicant's identity and ability to pay. Buy now/pay later lenders instead focus on factors such purchase activity, social media presence and even the speed at which users type their personal information.
June 25 -
Under federal health plans, categories like dental still have steep out-of-pocket costs, creating opportunities for companies like Sunbit and Ally Lending to provide options at the point of care.
June 23