Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …

Consumers have flocked to buy now, pay later services, but providers still have to find ways to stand out. Afterpay Ltd. hopes to do that by enabling consumers who have a Rakuten account to earn cash back in the Rakuten program. Announced Monday, the Afterpay program enables Afterpay users who also …

Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …

The hype around Apple Pay, Samsung Pay, and Google Pay has quieted considerably. But that doesn’t mean the three big wallets are sitting still. When the so-called Pay wallets—Apple Pay, Samsung Pay, and Google Pay—launched in 2014, 2015 and 2018, respectively, they did so to great fanfare. At the time, …

With defaults on buy now, pay later loans on the rise, BNPL providers need to be cognizant that creating a flexible repayment plan can not only help improve recovery rates, but help retain delinquent customers by providing a better customer experience during the collection phase, says a study from digital …

Debit cards have become the preferred payment method among Millennials and Gen Zers for online purchases and for use in digital wallets. A recent Carat Insights Report from Fiserv Inc. reveals that 59% of Millennials and Gen Zers use debit online because they prefer the financial control debit cards provide …

Paycast Inc., a payments provider for online merchants, e-commerce platforms, and marketplaces, is partnering with Marqeta Inc. and Mastercard Inc. to launch a digital card product for marketplace sellers. The card will enable marketplace sellers to have immediate access to funds from the proceeds of a sale once the transaction …

An ambitious payments startup clinched a big funding round on Tuesday and said its sights are now set on the U.S. market as well as other countries. London-based Payhawk Ltd. secured $112 million in a Series B round led by San Francisco-based Greenoaks, valuing the 3-year-old company at $570 million. …

As part of its efforts to expand real-time payments globally, financial-service technology provider Nium Pte. Ltd., has partnered with Roxe, a global payment network that uses blockchain technology to settle transactions. The partnership will allow Roxe to leverage the reach of Nium’s network to initiate cross-border payouts, including those from …

To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network.  Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …