back Back

Afterpay and Adyen team up to deliver flexible payments in the UK

By Megha Bhattacharya

April 09, 2021

  • Afterpay
  • UK
Share

afterpayAfterpay and Adyen have teamed up to offer Afterpay’s “Buy Now, Pay Later” (BNPL) service to retailers, starting with Hunter, the premium British footwear brand. Hunter can now offer Afterpay, known as Clearpay in the UK, allowing customers to get their items and pay in four instalments. The service is free for consumers who pay on time.

Merchants of Adyen can offer Afterpay in the UK, the United States, Canada, Australia and New Zealand to their customers.

“We wanted a way of offering our customers more flexibility through payments, as we know giving our customers choice to pay in a way that suits them drives on-site conversion,” said Bryony Longden, senior eCommerce manager for Hunter. “By offering Afterpay through Adyen, we were able to implement this new payment method quickly and effectively to offer a seamless checkout experience. The ability to split payments really helps to make higher price point items accessible to our customers. ”

Recently, Afterpay announced the launch of its European service Clearpay to merchants across Spain, France and Italy. The company stated that by offering Clearpay in Europe, the company is able to support existing global retail partners who would like to offer the service to its customers across Europe.

Clearpay allows shoppers to have the ability to receive products immediately and pay in four instalments over a short period of time. The service is completely free for European customers, helping consumers spend money responsibly, without incurring interest or revolving and extended debt. More than 90 per cent of Clearpay global purchases are made with debit cards.

“BNPL has changed the retail industry – as young shoppers prefer to use their own money to buy items they need and want – instead of using credit cards which often lead to revolving debt with interest and fees,” said Ben Pressley, SVP of Global Sales Strategy and Operations at AfterPay. “We are so excited to kick off our partnership with Adyen and Hunter to offer a payment solution that delivers real benefits to consumers and retailers alike.”

Previous Article

April 09, 2021

Envestnet acquires Harvest Savings & Wealth Technologies, visions a unified financial wellness ecosystem

Read More
Next Article

April 09, 2021

Safexpay, a FinTech startup raises $6mn bringing valuation to $100 million

Read More








IBSi Daily News Analysis

March 22, 2024

Afterpay

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023