Banking News

Barclays US Enters BNPL Space

Barclays US Enters BNPL Space

(28 April 2021 – USA) Barclays US is joining forces with fintech firm Amount to offer merchants a white label point-of-sale buy now, pay later financing service.

As the BNPL market continues to boom, Barclays is hoping to entice merchants with the prospect of letting them use their own brands to "deepen connections with their customers".

The service - set to go live with retailers later this year - will be powered by Amount's digital financial services platform, which includes fraud prevention, verification and account management. Barclays has previously invested in Amount.

Denny Nealon, CEO, Barclays US Consumer Bank, says: "Barclays presents an opportunity to drive more customer loyalty and intimacy with the brand that will help them drive sales.

"We're excited to extend our presence in the BNPL marketplace alongside Amount, a developer that has the technology and knowledge to provide consumers and merchants with a mutually beneficial purchasing process."

Comment on this article

 

Your comments will not be published. Required fields are marked *

 

Please enter the word you see in the image below:


Subscribe

Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.