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Capturing consumers online and getting them to convert to a buyer at the online checkout this holiday season will be both more complicated and higher stakes than ever before, Doug Bland, PayPals senior vice president of global credit, told Karen Webster in a recent discussion. Thats why, he said, that PayPal has today Aug. 31 announced a new buy now, pay later product for PayPal users called Pay in 4 which will be available to all merchants that accept PayPal as a paymen
stanley cup t option.With Pay in 4, PayPal customers have an option to pay 25 percent of an items price upfront, then pay the rest over six weeks through three equal payments. This program is for purchases between $30 and $600 and there are no interest charges or other fees except for late fees if someone doesn
stanley cup 8217;t pay on time . For consumers, Bland said, Pay in 4 offers a near-ubiquitous online installment pa
stanley cup yment experience given PayPals penetration of online merchants 79 percent of the top internet 100 . What we continuously hear from businesses of all sizes is that they are looking for trusted ways to help drive sales [and] attract customers without taking on additional costs, Bland said. At the same time, what we hear from our consumers is they are looking for flexible and responsible ways to pay when they shop. This has all accelerated during the pandemic, and this economic uncertainty has created additional stress for the retailers and for consumers. Bland said there would be some credit evaluation befo Yqch Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
Momo, a Vietnam-based FinTech company that provides users with digital payment options, has reportedly received a very large Series C investment from American private equity firm Warburg Pincus.The exact size of the investment isnt being released, but Pham Thanh Duc, CEO of M-Service, which is Momos parent company, said the amount sets a new record for funding. One report says the deal could be worth as much as $100 million, but Pham declined to comment on the amou
gourde stanley nt.Southeast Asia has lately been a hotspot for global investing, and companies like Alibaba and Tencent have dropped hundreds of millions of dollars in the region.Although the numbers have not been disclosed for many big Vietnam FinTech deals, one of the biggest last year was $50 million to eCommerce outfit Tiki, from the Chinese company JD. Vietnam has a market of almost 100 million people, about 25 percent of whom are under 25 years old.Momo began by offering simple digital payments in an electronic wallet app, but it has expanded into bill payments and mobile top-up. Its also grown into more recreational areas like
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stanley termoska and travel, and allows for payments at 100,000 points around the country.Pham said the company is working on a credit scoring system to help introduce users to financial services, in tandem with financial institutions. He added that he based the direction of the app on Alibabas popular Alipay and Tencents WeChat Pay services, which started as payment apps and expanded into more.Momo work
