Mastercard is facing pushback from retailers over its new BNPL product; & more!

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to your daily FinTech news! NEWS HIGHLIGHT Mastercard is facing pushback from retailers over its new BNPL product. Mastercard will charge retailers 3% of a purchase price each time a consumer agrees to use the new program. Mastercard will automatically enroll retailers in its new buy-now-pay-later service. However, retailers will have a chance to opt-out. Link here FINTECH NEWS #bnpl CEO Max Levchin says Affirm has cracked the code to underwriting more consumers than banks would. Nevertheless, investors are worried that Affirm’s borrowers will fall behind on payments. Link here #payments LianLian expands operations to the UK helping ecommerce merchants and entrepreneurs sell products and services internationally with its cross-border digital payments platform. Link here #collaborations Figure collaborates with Visa to provide issuing processor services through Figure’s Banking in a Box, a platform built on the Provenance Blockchain. Link here