American Express to offer BNPL options

News
 |  
Dec 2021
 |  
WWD
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What: Openpay inked an agreement with American Express to offer instalment payment options to participating health care and auto repair/maintenance merchants. The retailers will use Opy’s 2.0 version of buy now, pay later (BNPL) called “buy now, pay smarter (BNPS).”

Why it is important: While the BNPL payment method is currently challenged and criticized, the BNPS solution is supposed to differentiate from traditional pay-in-four BNPL plans thanks to fair, transparent and fixed fees.

BNPS method extends up to USD 20,000 with plan lengths of up to 24 months.


American Express Teams Up with Opy to Offer BNPL Options