BNPL users will surpass 900 million globally by 2027, an increase from 360 million in 2022, driven by the anticipated economic downturn, which will increase the demand for low-cost credit solutions, according to Juniper Research.
COMPANY NEWS: Forter, the trust platform for digital commerce, has announced the expansion of its partnership with ShopBack, Asia-Pacific’s leading shopping and rewards platform, to secure the company’s rapidly growing digital commerce business. ShopBack relies on Forter to secure transactions and build trust with more than 30 million shoppers across 10 markets.
Visa expands its Visa Instalments, a solution that lets shoppers access the Buy Now, Pay Later financing via their existing ANZ credit cards at check out without any extra steps.
It's not Connect 4, but PayPal Pay in 4, with this buy now pay later deal coming six weeks after PayPal announced a new feature enabling instant transfers from PayPal balances to eligible bank accounts.
Mary McHale, Financial Services Director, Equinix Asia-Pacific
GUEST OPINION: SPONSORED NEWS. The emergence and increasing adoption introduction of new digital payment methods, such as ‘buy now, pay later’ platform AfterPay and Open Banking payments platfoms that allow for real time payments like SplitPay alongside better known digital wallets like Apple Pay, are propelling Australia rapidly ahead as it moves toward a cashless, cardless society.
Australian fintech and payment plan provider Payright has launched into the New Zealand market, in its first international venture.
There has been rapid growth in the buy-now-pay-later digital payments Australian market, with new research revealing 1.95 million Aussies used digital payments in the year to the end of September - up from 1.38 million in the previous 12 months.
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