Credit cards are becoming less profitable for banks even as lower-cost alternatives such as buy-now-pay-later schemes and digital wallets with a credit function are emerging. If credit cards are to... read more
The post PCM Feature: The future of credit cards for the digital era appeared first on Payments Cards & Mobile.
PayPal has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later (BNPL) solutions in Japan, for ¥300 billion or approximately $2.7 billion, principally... read more
The post PayPal doubles down on red hot BNPL market with Paidly acquisition appeared first on Payments Cards & Mobile.
The pace of evolution in Europe’s payment market is evident in all areas – including processors. Sweeping changes in consumer payment behaviour, merchant acceptance and democratisation of services have produced... read more
The post US and European processors jostle for pole position in Europe appeared first on Payments Cards & Mobile.
Klarna’s losses increased significantly in Q2 as the BNPL company continued the pace of growth ahead of a possible IPO. Recently valued at $46 billion in an investment round led... read more
The post Klarna off rails? Losses increase as does regulatory scrutiny appeared first on Payments Cards & Mobile.
The retail e-commerce market is estimated to grow by 53% globally by 2024, with the Buy Now Pay Later (BNPL) sector expected to see the second-largest increase in market share,... read more
The post BNPL and mobile set to push global e-commerce value to $6 trillion appeared first on Payments Cards & Mobile.