PPRO, the leading local payments platform, has announced its partnership with Buy Now, Pay Later (BNPL) provider Afterpay.
This collaboration will enable e-commerce merchants and payment service providers (PSPs) from the US, Europe, China, and Hong Kong to sell directly to US consumers using Afterpay.
The partnership aims to enhance the shopping experience for US consumers by offering more flexible payment options. BNPL usage in the United States has been on the rise, with a significant 42.5% increase in usage observed on Cyber Monday 2023 compared to the previous year. Consumers prefer BNPL for its flexibility, which also benefits merchants by increasing the average order value as consumers can spread their purchase costs over time.
PPRO is a FinTech company that provides digital payment solutions to businesses and banks, helping them scale their local payment services through a single connection. Some notable companies working with PPRO include Stripe, PayPal, and J.P. Morgan, who utilise PPRO’s services to accelerate their roadmaps, boost conversions, and simplify local payment complexities.
Eelco Dettingmeijer, chief commercial officer at PPRO, commented on the partnership, “With the popularity of BNPL in the US expected to increase, offering it at checkout is a no-brainer for merchants looking to sell to US consumers. Now merchants from the US, Europe, China, and Hong Kong, can tap into Afterpay’s platform and provide flexible payment options, which will attract more consumers and boost sales.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
