Mastercard has deepened its commitment to alternative payment journeys through a host of new collaborations.
The newly announced link of partnerships sees the banking giant combine with an expansive list of firms, including BNPL specialists , as the group looks to ‘deliver greater choice at checkout, both in-store and online’.
Linda Kirkpatrick, President of North America at Mastercard, commented: “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.
“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.”
Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c, Lithic, Saks Fifth Avenue, Sutton Bank and Walgreens join the wide array of partners already working with Mastercard on the BNPL program.
Adam Hughes, CEO of Amount, added on the growth: “Our partnership with Mastercard opens up new ways for Amount to offer bank customers the ability to go to market easily and quickly with a BNPL solution, without the need for merchant integration.
“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.”
CEO of Deserve Kalpesh Kapadia also stated: “Deserve is committed to providing innovative, digital-first solutions that meet the needs of today’s consumers and BNPL is a core feature that fits naturally into our platform.
“We are excited to be a launch partner for the Mastercard BNPL program, as it advances both Mastercard and Deserve’s ability to offer BNPL at scale to drive outstanding consumer experiences.”
