Amazon exec joins Barclays to lead BNPL service

Barclays has announced that Antony Stephen, the current head of Amazon Payments Europe, will become the new chief executive for its partner finance business.

Barclays Partner Finance (BPF) works with retailers, offering point-of-sale finance and Buy Now, Pay Later (BNPL) lending.

At Amazon, Stephen led a $50+ billion portfolio of payment products including credit cards, instalment loans, and a financial services marketplace.

He will join the group on 4 October 2021.

As the new chief of BPF, he will also run the department’s legal entity Clydesdale Financial Services.

Antony will also provide senior leadership to Barclays Cubed, Barclays’ commerce platform.

“This is an incredibly exciting time for point of sale finance – while the core business model has existed for a long time, it has surged in popularity and prominence in recent years, thanks to advancements in technology and changes in customer behaviour,” said Antony Stephen. “With its unrivalled network of both consumers and major retailers, Barclays recognises the fantastic opportunity it has to lead the market, and I’m thrilled to be joining the bank at this pivotal moment.”

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