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- Buy now, pay later volume globally will grow 48.3% in 2024, to $232.2 billion, according to a projection from The Business Research Co. Increasing adoption at physical retail stores, growth in cross-border e-commerce, and the rise of financial apps embedding BNPL capability will help account for the growth, the firm said.
- The fintech AppTech Payments Corp. said Reno International Airport is the first international airport to adopt AppTech’s FinZeo payments platform. The company said it expects 40 domestic and international airports to sign up for FinZeo this year. FinZeo came to AppTech in October as part of the company’s acquisition of Alliance Partners LLC.
- Mogo Inc., a Canada-based payments and investment platform, announced that during 2023 it repurchased and canceled nearly 475,000 shares under a share buyback program. This follows the company’s repurchase of 600,000 shares in 2022. The moves leave the company with 24.5 million common shares outstanding. Mogo owns digital card-issuing platform Carta Worldwide, which processes $9.6 million in annual payment volumes.
- The banking giant HSBC is launching an app called Zing, which allows users to make international payments and which is said to be the latest effort by banks to compete with non-bank apps like Wise and Revolut.
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