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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
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Australia to Regulate Buy Now, Pay Later Services as Consumer Credit Products With New Laws
Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.
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Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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PayPal Heats Up Buy Now, Pay Later Race With $2.7-Billion Japan Deal
PayPal said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7-billion (roughly Rs. 19,840 crores) largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.
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He Was Denied A Credit Card. His Revenge: He Built A Unicorn
Russell Cummer was a credit trader at Goldman Sachs Group Inc. in Tokyo when he tried and failed to get a credit card.
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Amazon Partners With Affirm to Roll Out Buy Now Pay Later Service for US Customers
Amazon has introduced a 'Buy Now Pay Later' service for some its customers in the US in partnership with Affirm.
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Afterpay's $29-Billion Takeover by Square Throws Spotlight on 'Buy Now, Pay Later' Platforms
The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a sector that is growing rapidly and grabbing the attention of regulators.
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Apple, Affirm Said to Launch Buy-Now-Pay-Later Programme in Canada
Apple is said to be extending its "buy now, pay later" programme to Canada after its success in US, UK, and Europe. It allows people to pay for iPhone, Mac, and iPad over 12 to 24 months.
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Square Led by Twitter's Jack Dorsey Acquires Australian ‘Buy Now Pay Later’ Giant Afterpay for $29 Billion
Square led by Twitter’s Jack Dorsey has acquired Australian ‘buy now pay later’ no-checks credit company Afterpay for $29 billion (roughly Rs. 2,15,620 crores).
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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
-
Australia to Regulate Buy Now, Pay Later Services as Consumer Credit Products With New Laws
Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.
-
Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
PayPal Heats Up Buy Now, Pay Later Race With $2.7-Billion Japan Deal
PayPal said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7-billion (roughly Rs. 19,840 crores) largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.
-
He Was Denied A Credit Card. His Revenge: He Built A Unicorn
Russell Cummer was a credit trader at Goldman Sachs Group Inc. in Tokyo when he tried and failed to get a credit card.
-
Amazon Partners With Affirm to Roll Out Buy Now Pay Later Service for US Customers
Amazon has introduced a 'Buy Now Pay Later' service for some its customers in the US in partnership with Affirm.
-
Afterpay's $29-Billion Takeover by Square Throws Spotlight on 'Buy Now, Pay Later' Platforms
The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a sector that is growing rapidly and grabbing the attention of regulators.
-
Apple, Affirm Said to Launch Buy-Now-Pay-Later Programme in Canada
Apple is said to be extending its "buy now, pay later" programme to Canada after its success in US, UK, and Europe. It allows people to pay for iPhone, Mac, and iPad over 12 to 24 months.
-
Square Led by Twitter's Jack Dorsey Acquires Australian ‘Buy Now Pay Later’ Giant Afterpay for $29 Billion
Square led by Twitter’s Jack Dorsey has acquired Australian ‘buy now pay later’ no-checks credit company Afterpay for $29 billion (roughly Rs. 2,15,620 crores).
