Barclaycard Germany and Amazon roll out purchase financing through Amazon.de

By Megha Bhattacharya

Barclaycard Germany has announced a partnership with Amazon in a bid to offer financing for purchases made through Amazon.de above €100. The partnership will allow Amazon customers to pay for their purchases in instalments directly during the checkout process and set up instalment payments on their future purchases.

Vassil Gedov, Country Manager, Payment Products, Amazon Deutschland, commented, “Every day we strive to improve the offers and options available as part of their shopping experience. The new purchase financing service offered in collaboration with Barclaycard is the next big step towards this goal.”

Barclaycard Germany will also offer purchase financing through Amazon.de at a competitive APR of 7.69%. Users will be allowed to use the agreed rolling credit line added to their wallet on future purchases and also choose to make one-off repayments or pay the balance early in full.

Tobias Griess, CEO of Barclaycard Germany, added, “We could not have wished for a better partner then Amazon for the start of our purchase finance offering. Through this new and customised service, we provide Amazon customers with a fully digital and user-friendly payment-by-instalments option. With this new collaboration, Barclaycard Germany complements its credit card and consumer credit businesses with market financing in Germany.”

Recently, Barclaycard announced the launch of Barclaycard Payment Intelligence (BPI), a service using in-depth data analytics for equipping procurement departments with a fair picture of their supply chain-driving cost efficiencies. The new service is expected to help customers develop the right payment solutions for their various suppliers quickly.