News

Today, Google has announced a pilot program with Affirm and Zip to bring BNPL natively into the Google Pay wallet. Consumers continue to choose BNPL as a payment option and its popularity continues to grow, particularly during the holiday shopping season.

Twitter/X has been going state-by-state obtaining money transmitter licenses. The social media platform is now approved in 12 states.

No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round. Germany-founded but London-based SumUp has closed the massive funding round that is "mostly equity" which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these days.

Much has been written about the looming end to the Apple-Goldman Sachs relationship (we even produced a cartoon about it). And while this is a big deal for Goldman and Apple, the average Apple Card holder likely does not give it a second thought.

Yesterday, the OCC issued new guidance for banks, addressing the risks of buy now pay later lending. The guidance focused on the popular "pay in 4" segment of BNPL.  Not surprisingly, the national bank regulator recommended tight oversight of third-party servicers, the importance of transparent loan terms and fraud mitigation.