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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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The Digital Shift In Retail And Payment Methods

PYMNTS

In retail technology, Yotpo is helping brands capture the digital shift by making a compressed marketing stack for online shopping. 40%: Approximate share of people who would be “extremely” or “very” likely to bring their banking relationships to Big Tech or FinTechs. 75M: Amount of Yotpo’s recent funding round.

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Amazon CEO Jeff Bezos Invests In Chipper Cash In Latest African FinTech VC Deal

PYMNTS

African FinTech Chipper Cash has landed a whale of an investor. The startup has since expanded into eCommerce with a service targeted at retailers and other online merchants, Chipper Checkout. Chipper, though, is just the latest African FinTech to attract the attention of investors. Stripe, the U.S.-based

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. Reports said the bank’s digitization effort aims to enhance its SMB, corporate and retail operations.

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UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P. Airwallex Taps Deutsche Bank.

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China's Digital Yuan Trial Sees Spending For Retail, Ridesharing And More

PYMNTS

The second trial of digital yuan by the People's Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. There were 100,000 winners who got the chance to spend 200 digital yuan on various online or offline services.

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