CBA to become first major bank to launch its own BNPL service
By Kate Weber on Mar 17, 2021 11:59PM Will "complement" existing partnership with Klarna. The Commonwealth Bank has launched its own buy now pay later (BNPL) service titled CommBank BNPL as it looks to compete in the growing market of payment solutions. CBA will be the first of the 'Big 4' to offer a BNPL service of its own, as the bank seeks to align itself with the consumer shift away from traditional credit cards. CommBank BNPL users can make repayments in four instalments and will be available at any retailer that accepts Mastercard with limits u...
Source: itnews.com.au