Financial Services

Visa seeks to build up open banking: Months after its bid for Plaid was called off, the payments giant is buying the Sweden-based API provider Tink for €1.8 billion ($2.05 billion)—a deal that could enable the combined entity to establish a de facto European open banking standard.

More than 45 million people ages 14 and older in the US will use buy now, pay later (BNPL) services this year, according to our inaugural user forecast for these financing options. That’s up 81.2% over 2020, and the age range of BNPL users will widen over the coming years as well.