Tech

American Express and Openpay’s U.S. brand Opy offers differentiated buy now, smarter payments to U.S. merchants and cardholders

Global variety of payments and POS lending FinTech Openpay group (Openpay or Opy) has signed a contract with American Express.

This offering adds value to American Express sellers by connecting them to. Opy’s An unrivaled merchant and consumer friendly solution. In addition, American Express Card members can sign an Opy plan in the United States and repay funds through the American Express Card.

Under the partnership:
– American Express cardholders will be able to make purchases with their cards and raise funds through Opy’s differentiated Buy Now, Pay Smarter (BNPS) products.
– American Express and Opy launch the first partnership to connect American Express merchants in the healthcare and automotive sectors to Opy’s longer, larger, and customizable payment plans.
– American Express and Opy seek opportunities to collaborate on product development initiatives that leverage Opy’s unique B2C and B2B platforms.

“We are constantly striving to add value to cardholders and merchants,” said Colleen Taylor, President of Merchant Services at American Express. “Opy is pleased to offer another payment option to customers who make and accept larger healthcare, car repair, and maintenance purchases.”

Brian Schneiderman, Opy USA CEO and Global Chief Strategy Officer of Openpay said: We are pleased to offer innovative products to both American Express merchants and cardholders. Especially for larger and more meaningful life purchases. “

Under the partnership, American Express and Opy will involve up to 40 selected American Express merchants in these industries interested in offering BNPS by introducing them to the Opy team.

Initial deployments are evaluated based on commercially agreed indicators. American Express identifies additional American Express cards that accept merchants in the network and continues to sell partnerships and Opy products as value-added services. The initial term of the partnership agreement is 12 months and the renewal term is 1 year (unless either party terminates early).

American Express and Opy are also looking for opportunities to collaborate on product development initiatives that leverage Opy’s B2CB NPS and B2B trade account management platforms. This collaboration aims to provide a balanced merchant and customer friendly product.



American Express and Openpay’s U.S. brand Opy offers differentiated buy now, smarter payments to U.S. merchants and cardholders

Source link American Express and Openpay’s U.S. brand Opy offers differentiated buy now, smarter payments to U.S. merchants and cardholders

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