AmEx, Visa, Mastercard and Discover to launch Click to Pay globally - FinTech Futures

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American Express, Visa, Mastercard and Discover claim to have signed up more than 10,000 merchants in the US since launching Click to Pay in 2019.

The group is pushing it out to 14 new countries, with more planned afterwards. The new markets include the UK, Hong Kong, Saudi Arabia, Brazil, and Australia.

Click to Pay promises a frictionless payment experience for customers and merchants.

From a customer perspective the solution is similar to those provided by providers like PayPal. A user logs into the payment account, linked to a retailer to process the transaction.

The solution doesn’t require the customer to have their card number handy, or to have it saved in a browser.

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AmEx, Visa, Mastercard and Discover to launch Click to Pay globally - FinTech Futures

American Express, Visa, Mastercard and Discover are rolling out the new Click to Pay standard across the globe after a bevy of signups in the US.

Europe's most valuable fintech startup Klarna sees surge in its revenues during coronavirus pandemic

Klarna, Europe’s most-valuable private fintech, has seen its top line swell during the global lockdown, as retailers and shoppers flock online.

Klarna is one of several ‘buy now, pay later’ companies that give customers the option to pay for online purchases belatedly, either in a single repayment or in instalments. This can help fuel retail sales and, in return, each new retailer pays Klarna an upfront contractual fee, as well as commission on each transaction (and loan).

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Klarna revenues surge during coronavirus | Sifted

Klarna, Europe's most-valuable private fintech, has seen its top line swell during the global lockdown, as retailers and shoppers flock online. Klarna's commercial vice president, Luke Griffiths, told Sifted in an interview that the Swedish 'buy now, pay later' (BNPL) provider had profited from the disruption of recent months.