Video: fintech news pick of the week – Square, Lloyds and VNLIFE
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Afterpay
Square plans $29bn acquisition of Aussie BNPL firm Afterpay
The deal will become Australia’s largest ever acquisition.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Afterpay hires Mastercard exec Khoja to lead North American expansion
Zahir Khoja joins at a time of “rapid market expansion” for Afterpay.
Afterpay user files US class action lawsuit over “huge undisclosed fees”
The user says Afterpay doesn’t educate customers about the bank’s overdraft fees
Why the BNPL sector is growing like crazy
There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Afterpay acquires Spanish BNPL to advance into Europe
Afterpay already owns UK BNPL player, Clearpay.
Tencent buys 5% stake in Aussie fintech Afterpay
It puts Afterpay at a market capitalisation of more than AUD 8 billion ($5.1 billion).
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
Australia visits UK to talk future of fintech
Talks centered around the opportunities of open banking in Australia.
