BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
Consumers see this process as seamless and instant. It's just the start of a complex process for the retailers involved in the transaction.
iCred will use these resources to expand its operations and enter the payroll loan market for the beneficiaries of the social security fund.
The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.
Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
It was one of the most tumultuous weekends in the history of fintech, as federal regulators and government agencies took swift action to stop the bleeding after Silicon Valley Bank suddenly collapsed.
Research by FMI has indicated that the embedded lending market is expected to exceed $32.5 billion by 2032.