AFRM - Mastercard signs up more partners for its Buy Now Pay Later program

Mastercard (NYSE:MA) is further expanding its Mastercard Installments Buy Now, Pay Later (BNPL) program that offers flexible, digital-first payment options at in-store and online checkouts. In the U.S., American Airlines (NASDAQ:AAL), CSI, Fiserv (NASDAQ:FISV), and Global Payment's (NYSE:GPN) TSYS will work with Mastercard (MA) and, in Australia, BNPL players hummgroup and Limepay are using Mastercard's open loop model. It enables banks, lenders, fintechs and wallets to offer flexible installment options to consumers — including a zero percent interest, pay-in-four model — without the bother of merchant integration, Mastercard (MA) said. "Our diverse set of new partners demonstrate the versatility, flexibility and agility of our BNPL program,” said Craig Vosburg, chief product officer, Mastercard.  Last month, American Airlines (AAL) selected Affirm Holdings (NASDAQ:AFRM) to provide customers with a BNPL option.

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Mastercard signs up more partners for its Buy Now, Pay Later program