Mastercard unveiled on Tuesday a buy now, pay later (BNPL) program that will allow consumers to pay for online and in-store purchases through equal and interest-free installments.
The Mastercard Installments program will be available in markets across the United States, the United Kingdom and Australia, the company said.
Mastercard says its Installments program builds on Mastercard’s investments in open banking that help deliver a simple and convenient experience for consumers, merchants and lenders.
As an elective option for lenders, with consumer consent, account-level transaction histories can be considered as part of the underwriting process, enabling credit to be safely …
