Mastercard Swoops In On Share Of Buy Now Pay Later Market With Installments
According to the payment giant, it will allow banks and fintechs to offer a variety of installment options to consumers, without “onerous” integration into a merchant’s infrastructure. BNPL allows individuals to purchase goods without immediate payment. Instead, users can pay for the purchase of a good later or in instalments. In the case of Mastercard Installments, those installments plan would include a 0% interest and pay-in-four model. Mastercard is launching the program next year in Australia, the US, and the UK....