ADYEY - Adyen offers Afterpay's 'Buy Now Pay Later' service to retailers

Afterpay ([[AFTPF]] +2.6%), a provider of "Buy Now, Pay Later" ("BNPL") financing options, teams up with payments platform Adyen ([[ADYEY]] -1.2%) to offer its BNPL service to retailers, with British footwear brand Hunter among the first to sign up.Merchants that use Adyen can offer Afterpay in the U.K., the U.S., Canada, Australia, and New Zealand to their customers.BNPL has increased in popularity because it allows consumers to get their items right away and pay in installments, usually about four, without taking out a traditional loan or paying upfront fees or interests.Afterpay has more than 13M customers globally and 1.6M shoppers in the U.K.Last month, fintech unicorn Karna that helps merchants offer BNPL to consumers announced $1B in new funding, bringing its valuation to $31B.

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Adyen offers Afterpay's 'Buy Now, Pay Later' service to retailers