A Third of Young UK Consumers Bypass Credit Cards as BNPL Takes Over a Fifth of the Retail Finance Market
- 1 month 3 weeks ago
- Lending
One in three young UK consumers are now skipping traditional credit cards entirely in favour of Buy Now, Pay Later (BNPL) services, according to the latest Equifax UK Affordability Barometer, which tracks consumer credit trends across major lending categories.
BNPL Makes Buying Easy, but Disputes Are Another Story, Says Chargebacks911
- 2 months 13 hours ago
- Lending
Buy now, pay later has spent the past five years rewriting how consumers think about purchasing. Split a purchase into instalments, spread the cost and take the product home today. For shoppers, the value is immediate and obvious, however, for merchants, the calculation is considerably more complicated and new research from Chargebacks911, a global leader in dispute resolution and chargeback management, suggests the post-transaction implications... more
Klarna Launches In-Store With GARAGE and DYNAMITE Across North America and the UK
- 2 months 4 days ago
- Lending
Klarna, the global digital bank and flexible payments provider, is now available in-store at GARAGE and DYNAMITE locations across Canada, the United States and the United Kingdom.
Float Instalment Platform Confirms Early Traction From UK Merchants
- 2 months 5 days ago
- Lending
Float, the credit card-linked instalment platform, which launched in the UK just one month ago (July 2026), has already onboarded UK merchants and is reporting early positive results and feedback. These early adopter UK merchants come from Float’s higher-value verticals in consumer electronics, furniture and home and sports and leisure. Float also confirms it is in advanced conversations with more brands in those sectors as well as in the... more
Bank of America Enters Into a Joint Venture Agreement With Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited
- 2 months 1 week ago
- Lending
Jio Financial Services Limited (J F S LJFSL) and Bank of America Corporation (B of ABofA) today announced that they have signed a definitive agreement whereby B of ABofA will acquire up to a total of forty nine point nine percent49.9% interest as a joint venture partner in J F S LsJFSL’s wholly-owned N B F CNBFC (non-bank financial company) lending subsidiary, Jio Credit Limited (J C LJCL) through a preferential allotment of equity shares and... more
Pepper Money Announces Plans to Launch First Charge Mortgages in Scotland
- 2 months 1 week ago
- Lending
Pepper Money, the leading specialist mortgage lender, has announced plans to launch its First Charge mortgage proposition in Scotland this September, strengthening its commitment to supporting brokers and customers with more complex borrowing needs. The launch will give Scottish intermediaries access to Pepper Money’s specialist lending expertise and dedicated regional broker support, helping them to find solutions for customers whose... more
Zilch Launches New Membership Tiers, Pay Monthly and Zilch Advance
- 2 months 1 week ago
- Lending
Zilch, the intelligent payments platform, today announces its most significant product expansion since launch. The company is rolling out two new membership tiers - Zilch Extra and Zilch Plus - alongside two new features: Zilch Advance, an open banking salary advance available to eligible members, and Pay Monthly, which allows eligible customers to spread the cost of purchases over up to 12 months. The rollout builds on a sustained period of... more
Zopa Bank Partners With Hive to Help Millions of UK Homeowners Spread the Cost of Their Greener Home Upgrades
- 2 months 2 weeks ago
- Lending
Zopa, the British digital bank pioneer with 2 million customers, has partnered with eco-tech company Hive to help millions of UK homeowners spread the upfront cost of their greener home upgrades.
Ant International’s Bettr Partners with Muslim Pro to Introduce Umrah Financing Service in Malaysia
- 2 months 2 weeks ago
- Lending
Bettr, a leading provider of inclusive and embedded finance and fintech solutions under Ant International, today announced its partnership with Muslim Pro, a popular Islamic lifestyle app serving over 190 million downloads worldwide, to launch an Umrah financing solution in Malaysia.
GO Telecom Launches New Lending Services in Saudi Arabia Powered by Temenos Core and Digital
- 2 months 2 weeks ago
- Lending
Temenos, a global leader in banking technology, today announced that GO Telecom Group, one of the leading telecommunications operators in the Middle East, has entered the financial services sector with a new digital lending offering powered by Temenos Core and Digital for Retail Banking.
Gatehouse Bank Broadens Gifted Deposit Criteria
- 2 months 2 weeks ago
- Lending
Gatehouse Bank has today announced enhancements to its gifted deposit criteria, which will allow for a wider range of sources to be accepted. Previously, gifted deposits were only accepted from close family members living in the UK. Following today’s changes, the Bank will also accept gifted deposits from non-family members and eligible individuals living overseas from selected countries*.
Equifax UK Verification Exchange Solution Now Available to NatWest Customers to Help Transform Mortgage Verification Process
- 2 months 3 weeks ago
- Lending
Equifax UK announced today that NatWest will be the first UK high street bank to offer the Equifax UK Verification Exchange solution to help combat mortgage application fraud. This service improves the mortgage application process and champions financial inclusion through instant income and employment verification.
VIVA Finance Scales Loan Volume 300% After LoanPro Switch
- 2 months 3 weeks ago
- Lending
LoanPro, the modern lending and credit platform, today announced that VIVA Finance, one of the nation’s fastest-growing employment-based lending platforms, has tripled its loan origination volume since migrating to LoanPro in July 2025. The results came within the first year of the partnership, and without the proportional headcount increases VIVA would have needed to sustain that growth on its previous system.
Upstart Announces Multi-Year $4 Billion Forward Flow Agreement with Castlelake
- 2 months 3 weeks ago
- Lending
Upstart Holdings, Inc., the leading artificial intelligence (AI) lending marketplace, today announced a new multi-year forward-flow agreement with Castlelake, L.P. (“Castlelake”), a global alternative investment firm specializing in asset-based private credit.
PayPal and Amazon Launch Buy Now, Pay Later for Customers in Germany and Austria
- 2 months 3 weeks ago
- Lending
PayPal and Amazon today announced that starting in August eligible Amazon customers in Germany and Austria will be able to use PayPal Ratenzahlung on Amazon.de1 and in the Amazon app over the coming weeks, giving shoppers more flexibility to pay over time for eligible purchases. Amazon customers will benefit as PayPal continues to expand its Pay Later footprint and brings its trusted Buy Now, Pay Later (BNPL) solution to Amazon.de.
