10 March 2023

Zilch partners with Yapily to harness open banking technology for BNPL

Written By FinTech Alliance in Consumer Lending

Zilch partners with Yapily to harness open banking technology for BNPL

Zilch is partnering with open banking platform Yapily to bring 0% interest, swift repayment credit to its millions of customers.

IN BREIF:

- The BNPL aims to maximise the consumer benefits of open banking to help those struggling with the cost of living crisis.

- The ‘buy now, pay later’ (BNPL) will make use of Yapily’s open banking technology to improve its credit decisioning process.

- It is aiming to advance the way in which in provides “trust, protections and benefits” expected from high street banks without the costs of traditional credit.

What does this mean?

“I believe we are probably at the early stage of seeing the greatest consumer shift in payments in a quarter century — since PayPal was founded,” Zilch co-founder and CEO Philip Belamant said. “In the context of the cost of living crisis, it’s never been more critical for people to have access to 0 per cent interest responsible credit when managing cashflow. That’s what this new partnership with Yapily embraces — helping Zilch to achieve [that] by maximising the consumer benefits of open banking technology.”

 

Read more here.

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Consumer Lending

Credit Suisse extends $1bn credit facility to Curve

07 December 2022

Curve, the card aggregation FinTech, has secured a $bn line ...

Intuit acquires financial health business SeedFi

06 December 2022

Intuit, a financial software company that owns a number of ...

Klarna rolls out retailer-influencer platform

29 November 2022

Klarna has launched a new platform to connect retailers with ...

Experian to run BNPL reporting in Singapore

25 November 2022

Global credit referencing agency Experian has been chosen to operate ...

Articles Consumer Lending

2021 State of credit

11 October 2021

In partnership with Propeller Insights, Marqeta conducted a survey of 3,500 consumers across the US,...

Articles Consumer Lending

What’s next: How consumer goods leaders envision tomorrow

27 July 2021

In partnership with The Consumer Goods Forum, PwC’s latest report examines how business leaders are...

Articles Consumer Lending

EBA consumer trends report 2020/21

01 June 2021

The report covers the retail banking products and services that fall within the EBA’s consumer prote...

Articles Consumer Lending

Consumer use of payday, auto title, and pawn loans

01 June 2021

In this research brief, we examine the prevalence, persistence of use, and alternate credit sources...

There are no Events in this category