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Your next Apple Pay Later loan will show up in your Experian credit report

Maria Diaz/ZDNETApple and Experian just announced that Experian consumer credit reports will include Apple Pay Later loan information beginning today. Experian reports that this makes Apple the first major buy now, pay later (BNPL) service provider to directly give the credit reporting agency loan information and payment history. Loans borrowed today will appear on the borrower's Experian credit report with a BNPL designation starting on March 1, but this data won't affect credit scores -- at least not initially.…

Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to…

Financial Times: Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to $369M — Klarna has reported a fifth straight annual loss as the Swedish fintech that was once Europe's most valuable private tech group stuck … Financial Times: Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to $369M — Klarna has…

MWC: Ethiopian fintech eQub digitizes peer-to-peer credit

Ethiopian startup eQub is the winner of the fintech pitch-off at 4YFN 2024, Mobile World Congress’ startup event. TechCrunch was on the ground in Barcelona to meet its business development lead Nahom Michael this week. The startup’s name is an Amharic word referring to a local form of peer-to-peer credit, Michael said. An Equb is a group of people who join forces to save money, which is then distributed on a rotating basis. Known as a rotating savings and credit association, or ROSCAS, this financing modality is…

AT&T Offers $5 Credit for Service Outage, Gets Everyone Talking About How Cheap It Is

AT&T is sorry for the recent outrage that left some customers without service for up to 12 hours. To make up for it, the company will give those affected a $5 credit that will count towards their next bill, though that doesn’t seem like nearly enough for many ticked off AT&T users.Video Chat - From Sci-Fi to Sci-FactThe company announced its intentions to “make it right” with customers affected by the outage in a post on X, formerly known as Twitter, over the weekend. According to its support page, the $5 credit…

upi: RBI is pushing UPI-like credit platform for farmers, MSMEs

The Reserve Bank of India is pushing for the wider adoption of an open-source credit disbursal platform similar to the Unified Payments Interface for digital payments, to make it easier for farmers and owners of small businesses to access credit.While disbursal of consumer loans through a digital interface has become common, farmers and people who run small businesses still need to queue up at their local bank branches and the land records department for days to access agriculture loans and take Kisan credit cards.Elevate…

Kia US-made EV9 may not qualify for full $7,500 tax credit at first

Kia is plowing ahead with plans to produce its first three-row electric SUV in the US, which is slated to begin this spring. However, it’s unclear whether Kia’s new US-made EV9 will fully qualify for the $7,500 EV tax credit at first. After opening orders for its first three-row electric SUV in October, Kia’s EV9 has garnered significant interest. Kia calls the EV9’s sub-$55K starting price a “wake-up call to the industry.” The automaker is already importing models to the US as sales have grown…

GM’s Cadillac LYRIQ regains eligibility for $7,500 federal tax credit

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly. In late 2023, GM announced that starting January 1, 2024, its Chevy Blazer EV and Cadillac LYRIQ would lose eligibility for the US government’s clean vehicle credit following revised guidelines from the Treasury. GM said the…

Capital One to buy Discover for $35 billion in deal that combines major US credit card companies – The Denver Post

NEW YORK — Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers. Discover Financial shareholders will receive Capital One shares valued at nearly $140, according to a news release issued by the companies Monday. Discover shares closed Friday trading at $110.49. Virginia-based Capital One was the 12th largest U.S. bank as of the third quarter, with $471.4 billion in total assets and $346 billion in…

OpenAI releases Sora, a credit score–based dating app launches and an anti-Tesla ad comes under fire

Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry. This week, OpenAI stunned the blogosphere with the release of Sora, a new AI model that can generate videos in impressively high fidelity. We’ve seen video generators before. But what makes Sora unique is its understanding of time and physics, which enable it to create not only more coherent videos than previous video generators, but also 3D worlds. Wild stuff! Elsewhere,…

Google will issue advertisers credit refunds after overcharging error

Google will be providing credit refunds to advertisers who were overcharged due to a technical glitch. The error affected campaigns within Display and Video 360 that ran from July through to December last year. Why we care. If your campaigns were affected by the technical glitch, make sure to contact Google to get the credit refund process started. Email notifications. Google sent emails to affected advertisers, notifying them of overcharges caused by the technical glitch, reports Ad Age. While the search engine…