Today In Payments: Buy Now Pay Later Firms Face UK FCA Crackdown; SPACs Now Eye Asia For Merger Deals
In today’s top news, the FCA will begin regulating BNPL firms in the U.K., and SPACs are moving in on the Asian market. Plus, Visa’s Authorize.Net will offer its platform free of monthly fees to SMBs that sign up on Super Bowl Sunday. Buy Now Pay Later Firms Face UK FCA Crackdown
After escalating quickly amid the pandemic, the buy now, pay later (BNPL) industry will now be regulated by the U.K. Financial Conduct Authority (FCA) following a four-month review led by former interim chief exe
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