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20 companies become partners of Visa BNPL

Today in the connected economy, Splitit joins the ranks of the Visa Ready for BNPL program, while Mastercard is rolling out a financial inclusion program in Central America. Additionally, online car seller Cazoo is starting to operate in Spain, while real-time payment company ACI Worldwide is partnering with NORBr, a payment services distribution platform for digital merchants.

Splitit joins the Visa Ready for BNPL program

Buy Now, Pay Later (BNPL) Splitit has become the latest company to join the Visa Ready for BNPL program. Splitit said its collaboration with Visa enables it to provide its customers with flexible payment options as well as “the transparency, control and budget management capabilities they demand.”

Mastercard brings its financial inclusion offer to Central America

Mastercard Unveils Financial Inclusion Program in Guatemala, El Salvador and Honduras Designed to “Accelerate the Company’s Goal of Including 5 Million Unbanked People and Digitizing and Providing Credit Access to 1 Million Micro and small businesses”. The program is part of Mastercard’s work with the Partnership for Central America and includes a $100 million investment in digital financial services in the three countries, where approximately 60% of adults do not have a bank account.

Cazoo expands its online car platform to Spain

European online car retailer Cazoo has expanded into Spain, allowing customers to access a fleet of refurbished vehicles, buy them online and have them delivered to their doorstep. Cazoo customers can view 360 degree images as well as information about the car’s features and history. If a customer is not satisfied with the vehicle, Cazoo will take it for free within the first seven days. Every Cazoo vehicle in Spain comes with a seven day money back guarantee and a 12 month warranty.

ACI Worldwide partners with payment manager NORBr on e-commerce tools

Real-time payments company ACI Worldwide has partnered with NORBr, a payment services delivery platform for digital merchants, to help merchants connect to ACI’s solutions. Nigel Reavley, Country Director France for ACI Worldwide, said the company’s merchant payment solutions will be available through NORBr to provide retailers and third-party payment service providers (PSPs) with the “tools and technology needed to increase conversion rate and grow their business”. ”

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022

On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.