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ChargeAfter secures new financing and partnership with Visa

ChargeAfter, a multi-lender Point of Sale (POS) financing platform provider, has announced a strategic partnership with Visa to make checkouts more customised for Visa cardholders. Visa has also made a strategic investment in ChargeAfter.

The collaboration will enable Visa cardholders to have additional payment choices and increased credit options at the Point of Sale.

“By combining ChargeAfter’s financing platform with Visa’s global reach, we have created one of the largest networks of global Point-of-Sale Financing. We are very excited about the new collaboration and investment. Visa and ChargeAfter share a common vision to make payments quick, convenient, safe and accessible. ChargeAfter’s vision is to help every consumer, worldwide, gain access to financing options that best fit their unique needs, and that are available to the consumer when and where they are ready to purchase – online, in-store and over the phone. As part of the continued effort to democratise credit, we’re placing the power of payment options and flexibility in payments back into the hands of the consumer. We are creating the next wave of credit,” said Meidad Sharon, CEO of ChargeAfter.

The partnership enables Visa’s network of users to have the option to distribute POS Financing and credit instruments to eCommerce and in-store sellers using ChargeAfter’s platform. It will also enable Visa’s global network of issuing banks to participate in ChargeAfter’s network as direct lenders.

“Consumers increasingly demand more choice and flexibility when making a payment, whether for their everyday needs or high-value items. Working with ChargeAfter, we aim to make it easier for sellers and financial institutions to offer a range of tailored, personalised financing options at the point of sale, allowing consumers to manage their payments in a way that works for them,” said Shahar Friedman, Head of Visa Innovation Studio Tel-Aviv.

Founded in 2016, ChargeAfter connects merchants and lenders to offer consumers with personalised POS financing options at checkout from multiple lenders. Its goal is to help every consumer access fair and attainable financing options personalised to their unique needs.

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