Breaking News
Clearpay Announces Launch of New Customer-controlled “spend cap” Feature
Clearpay Spend Cap is the newest in-app feature from the Buy Now Pay Later leader, giving users control to set a personal spending limit. This responsible spending tool aligns with consumer demand for flexible, interest-free payment options.
Buy Now, Pay Later has been used by more than half of UK adults (53%) and its popularity is underlined by the move away from traditional borrowing products, such as credit cards.2 Recent Clearpay research found one in five (20%) people are actively trying to reduce their credit card usage. Instead 44% of Brits want a product that charges no interest at all and a further 29% are prioritising a payment option which allows them to budget more easily. The new Spend Cap feature underlines Clearpay’s commitment to promoting responsible spending and offering flexibility to customers.
In-app spend cap can be customised in seconds
Customers simply reduce their spending amount in two quick steps (see below screens) and the Spend Cap is actioned immediately.
The Spend Cap feature adds to a list of other ways that Clearpay offers customers more control of their spending and payments already available in the app, which include:
- Bundled Payments – options to pay early, or pay multiple orders at once
- Payment Rescheduling – Avoid late fees by delaying their payment dates up to three times per year in the app.
Rich Bayer, UK Country Manager at Clearpay, commented: “A significant number of Brits are turning away from traditional borrowing products, citing confusion on how they work and how fees are calculated. At Clearpay, we prioritise transparency and giving our customers control over how they spend. With BNPL regulation on the horizon, we expect more people to be using Buy Now, Pay Later as their preferred payment option.”
The company’s goal of encouraging responsible BNPL usage and giving customers spending control is furthered by the introduction of the Clearpay Spend Cap.
People In This Post
Companies In This Post
- Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board Read more
- Paysafe and BIG Form New Esports Partnership with PaysafeCard as Official Payments Sponsor Read more
- How Many MoneyLive Events Have You Done? Read more
- EXCLUSIVE: “Irish Eyes on London” – Enterprise Ireland in ‘The Paytech Magazine’ Read more
- AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance Read more
Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board
Black in Fintech has launched a speaker index to increase the visibility of Black professionals across financial services and fintech
Paysafe and BIG Form New Esports Partnership with PaysafeCard as Official Payments Sponsor
After an impressive start to the new season, Berlin International Gaming (BIG) is announcing another major milestone: PaysafeCard, the popular eCash solution by global payments platform Paysafe (NYSE: PSFE), is joining the Berlin-based esports organization as a Premium Sponsor and official Payment Partner. The collaboration spans BIG’s Fortnite, Counter-Strike 2, and Trackmania teams, featuring prominent jersey placement, integrated branding, and community-focused activations. In addition, PaysafeCard will power payments at the official BIG shop, allowing fans to complete purchases easily and securely.
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Stablecoin Settlement Models Face Compliance and Partner Hurdles, Finds Clear Junction
Nearly half (47%) of payments and remittance firms say compliance requirements are their biggest operational pressure, according to new poll findings from Clear Junction, a global provider of cross-border payments and banking services infrastructure for licensed financial institutions.
Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board
Black in Fintech has launched a speaker index to increase the visibility of Black professionals across financial services and fintech
Paysafe and BIG Form New Esports Partnership with PaysafeCard as Official Payments Sponsor
After an impressive start to the new season, Berlin International Gaming (BIG) is announcing another major milestone: PaysafeCard, the popular eCash solution by global payments platform Paysafe (NYSE: PSFE), is joining the Berlin-based esports organization as a Premium Sponsor and official Payment Partner. The collaboration spans BIG’s Fortnite, Counter-Strike 2, and Trackmania teams, featuring prominent jersey placement, integrated branding, and community-focused activations. In addition, PaysafeCard will power payments at the official BIG shop, allowing fans to complete purchases easily and securely.
How Many MoneyLive Events Have You Done?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “Irish Eyes on London” – Enterprise Ireland in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector