PayPal set to join Australia s buy now, pay later market.
The payments giant s entry could pose a major threat to local players due to its existing footprint in the market.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client.
The payments giant will launch its buy now, pay later (BNPL) solution in Australia this June,
The offering, dubbed
Pay in 4, allows customers to pay for online purchases in four interest-free installments over a six-week period. PayPal s BNPL offering first
launched in the US in September 2020, with its
UK debut following soon after. Pay in 4 transactions accounted for $750 million of volume in the US and UK at the end of December.
A grim outlook for UK SMBs questions their viability as valuable long-term neobank customers.
Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry. Learn more about becoming a client.
The British Business Bank s (BBB s) annual Small Business Finance Markets report found that last year, 43% of UK small and medium-sized businesses (SMBs) received external financing, compared with just 13% in 2019, as
reported by the Financial Times. UK SMBs gloomy outlook threatens their value to neobanks. Insider Intelligence
Gross bank lending was up 82% year over year, with almost 70% of the growth coming from government-backed lending schemes which now have a March 31, 2021,
As the pandemic subsides, on-demand delivery services are focusing on post-pandemic growth efforts.
Amazon, Deliveroo, and Olo are expanding offerings and shoring up finances to position themselves for further growth post-pandemic.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client.
On-demand food delivery services are gearing up to become even bigger, as consumer demand for these services rises during the pandemic due to changing
food ordering habits. Insider Intelligence outlined some recent developments in the space: Amazon, Deliveroo, and Olo are expanding offerings. Insider Intelligence
Amazon is expanding its food delivery service in India. Amazon Food is rolling out to 62 new ZIP codes throughout Bangalore, the third-largest city in the country,