https://digiday.com/retail/point-sale-loans-gain-traction-among-retailers/

2 0

Point-of-sale loans, or loans offered to customers at checkout, are quickly picking up pace among retailers. The latest is Mastercard, who this week acquired Vyze, a platform that connects customers shopping in-store and online to a range of different purchase financing options at checkout. Its customers include brands like Home Depot, Microsoft, HTC and Samsung, and Mastercard wants to scale it to other retailers, who pay fees to Mastercard to enable the service. It’s a hot market: Point-of-sale loan startups, like Affirm, Klarna and Bread, are getting increased attention from funders: According to data from CB Insights, 9 point-of-sale companies raised more than $700 million between June 2017 and October 2018. Full story

18 April

wait