Discover and Sezzle signs agreement to expand acceptance of Sezzle’s BNPL feature
By Pavithra R
Discover Financial, a digital banking and payments services company, has announced signing an agreement with Sezzle, an installment payment platform, to allow Sezzle to work with selected merchants on the Discover Global Network in offering consumers additional payment options.
“Our partnership with Discover will help to further accelerate our business development efforts by connecting our team with Discover and its established relationships,” said Paul Paradis, an Executive Director and the President of Sezzle.
The announcement marks Discover Global Network’s latest partnership in the BNPL space and Sezzle’s latest collaboration with one of the four major card networks in the U.S. market. The alliance will enable select U.S. merchants to offer their customers an interest-free buy now, pay later (BNPL) option through Sezzle’s platform, with little to no upgrades to their existing payments systems. These merchants will have the option to process buy now, pay later transactions on the Discover Global Network.
“Our merchant partners are always a top priority, and we know that providing them with additional payment options, such as a buy now, pay later structure, can be beneficial, especially in the current economic environment. We are able to leverage our unique technology capabilities and vast network of merchant relationships to provide Sezzle the ability to grow its business and provide new payment opportunities,” said Jason Hanson, senior vice president of global business development and acceptance at Discover.
Established in 1986, Discover Financial Services is a digital banking and payment services company. The firm’s mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future. It has more than 48mn merchant acceptance locations and 2 mn ATM and cash access locations around the world.
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