Payments News

Mastercard, TSYS partner in buy now, pay later deal

Sep 02, 2020
There is a war brewing in the buy now, pay later (BNPL) market, and Mastercard is working with TSYS to bring in a slew of new players — credit card firms.

Just a day after PayPal announced its new Pay in 4 offering, Mastercard has teamed up with payments processor TSYS to create offerings for credit card issuers. The partnership will offer highly configurable, credit card issuer-driven installment options which will provide enhanced consumer payment flexibility.

The products will enable Mastercard credit cardholders to split transactions into installments before, during or after checkout.

By Michael Moeser

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