back Back

Afterpay launches European service across Spain, France and Italy

By Megha Bhattacharya

March 16, 2021

  • Afterpay
  • Europe
  • France
Share

Afterpay Afterpay, a Buy Now Pay Later platform, 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.

“In the last year, global e-commerce grew faster than it had in the last ten years,” said Nick Molnar, Co-founder and Co-CEO of Clearpay. “By introducing Clearpay, we are giving Europeans a better way to access the things they want and need in their lives via a flexible payment service that allows shoppers to spend their own money and pay over time – instead of turning to expensive loans and credit cards which come with interest, fees and revolving debt.”

According to Afterpay, 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.

Clearpay enters the Southern Europe market after its recent acquisition of Pagantis, a Spanish-based payment company. Clearpay received regulatory approval from the Bank of Spain to offer its products across Spain, France, Italy, Portugal and Germany.

Previous Article

March 15, 2021

AsiaPay partners with Trabble to boost sales in the Asian travel industry

Read More
Next Article

March 16, 2021

Technisys acquires conversational AI innovator Kona to elevate digital banking experience

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Afterpay

Most of KSA organizations uses AI in their cybersecurity strategies, 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

May 17, 2024

Confida and illimity create new capillary proximity network, Pehi

Read More

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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