M&S has launched flexible payments for online orders as more and more retailers introduce 'buy now, pay later' options in a bid to capture cautious consumers' pounds. The British retailer has chosen Clearpay as payments partner to offer customers the option to pay for their orders in four instalments, interest-free.

Marks & Spencer said the Clearpay option will be available to all UK M&S.com customers from mid-November and can be applied to purchases from £30 across M&S clothing & home products. Kirsty Ward, Director of M&S Bank and Services said: "We're committed to providing our customers with seamless, easy and convenient ways to pay, and that's why we've introduced this fully integrated and interest-free option to help spread the cost of shopping on M&S.com. The Clearpay solution complements our existing M&S Credit and Debit Cards offered through M&S Bank."

Marks & Spencer will be hoping the new payments service will boost sales as it enters the busy Christmas shopping and trading season after a tough year. In the year to 30 March 2019, revenues dropped 3% across the group and 3.6% in the clothing and home business.