- Finance Solutions company, FlexiGroup (ASX:FXL) has launched a world-first “Buy Everywhere and Pay Later” program
- FlexiGroup has teamed up with Mastercard to expand the buy now, pay later sector and has created bundll
- bundll customers can make multiple payments of up to $1,000 at any merchant that accepts Mastercard transactions
- Customers get two weeks to pay their transactions, however, they also get an option to ‘snooze,’ which will delay their payments
- bundll is now available to download from the App Store and Google Play Store
- FlexiGroup remains steady on the market this afternoon, selling shares for $1.85 apiece
Finance Solutions company, FlexiGroup (ASX:FXL) has launched a global first, “Buy Everywhere and Pay Later” program.
With Buy Now, Pay Later (BNPL) changing how we shop, FlexiGroup has announced the next advancement, bundll.
bundll has created a new category for the BNPL sector, as it offers transactions not being limited to certain stores.
BNPL allows customers to shop without paying the full amount, instead customers can pay instalments with no interest.
FlexiGroup has partnered up with Mastercard to expand the BNPL sector and created a product that will allow customers to buy everything and pay later.
bundll customers can make multiple payments of up to $1,000 at any merchant that accepts Mastercard transactions.
All weekly purchases get bundled into one place and customers get two weeks to pay their transactions. However, they also get an option to ‘snooze,’ which will delay their payments.
CEO Rebecca James says that millennials prefer debit to credit, like to budget and don’t want to pay interest. While under 35s represent 23 per cent of credit carholders, the generation speaks for over 48 per cent of BNPL users.
“FlexiGroup is proud to be launching bundll in Australia as a world first,” Rebecca told the market.
“It’s Buy Now Pay Later in your pocket and it gives you complete control over where you shop, when you pay and how you budget – all from the convenience of your mobile phone,” she added.
bundll is now available to download from the App Store and Google Play Store.
FlexiGroup remains steady on the market this afternoon, selling shares for $1.85 apiece at 1:42 pm AEDT.