FinTech: Mastercard Expands BNPL Reach, Adds New Partners
The Mastercard Installments BNPL program scales up its reach.
Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c, Lithic, Saks Fifth Avenue, Sutton Bank and Walgreens are new brands that are now partnering Mastercard Installments, the card major’s BNPL offering. (Mastercard)
Mastercard (NYSE:MA) announced today the expansion of its Installments BNPL product through the addition of new partners including BNPL specialists and globally recognized brands.
“As demand for BNPL solutions continues to grow, consumers have made it clear they want greater choice, flexibility and control in how they pay – wherever they shop,” said Linda Kirkpatrick, President of North America at Mastercard. “With our vast acceptance and reach, Mastercard is uniquely positioned to enable lenders and merchants to deliver seamless and secure BNPL experiences at scale. Our diverse new partners represent the versatility and agility of our BNPL program, and we’re excited to work together to make BNPL available to millions of consumers worldwide.”
Mastercard Installments enables banks, lenders, fintech companies, wallets and BNPL players to offer a variety of flexible installment options to consumers – including a zero percent interest, pay-in-four model.
“Bolstered by Mastercard’s powerful merchant network, bank-backed virtual cards can now enable a seamless transition from online to in-store BNPL options, giving customers greater flexibility and confidence to use the service when and where they want to shop,” said Adam Hughes, CEO of Amount.
Related Story: Mastercard Enters BNPL Fray With ‘Installments’ Product
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