- Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.
- In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.
- MetaBank N.A., a unit of Meta Financial Group Inc., said it has expanded its faster-payments offering to include processors Finix and TabaPay. The program works through the Visa Direct and Mastercard Send credit-push networks.
- Juniper Payments, a provider of global payments technology for more than 3,500 U.S. banks and credit unions, announced it had enhanced its real-time wire platform with a more modern user interface and core integration of an application programming interface.
- Business-travel platform TravelBank has allied with U.S. Bank to integrate its expense-management system with the new U.S. Bank Instant Card for corporate clients.
- Money-transfer startup Paysend Group announced it is waiving fees for U.S. users in the month of October. The news comes shortly after the service’s launch in the U.S. market.
Growing numbers of consumers continue to grab their debit cards when shopping, with the overall …