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Tymit and VISA team to offer installment credits to banks & merchants

By Gloria Methri

July 24, 2023

  • Buy Now Pay Later (BNPL)
  • Credit Card Installments
  • Credit Solutions
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Visa, Tymit, FinTech, Installment Credit, Credit Solutions, BNPL, UK, EuropeTymit has entered a strategic partnership with Visa to expedite the adoption of installment credit amongst large financial institutions and merchants in the UK and Europe. The collaboration aims to enable banks and merchants to offer co-branded and white-labeled installment credit programs powered by Tymit.

As one of the pioneering installment credit card services, Tymit powers installment programs for renowned merchants like Frasers Group with Frasers Plus. Building upon this success, the company is now focused on providing its capabilities to enable co-branded and white-labeled installment credit programs for large financial institutions and merchants.

“Our partnership with Visa signifies a significant milestone as we empower financial institutions and merchants to swiftly and cost-effectively bring installment credit solutions to market,” said Martin Magnone, CEO and Co-founder of Tymit. “With our proven track record and expertise in installment credit, we are poised to meet the needs of the industry by offering innovative co-branded installment credit cards and white-labeled installment credit programs.”

Tymit’s installment credit solutions offer an attractive alternative to traditional credit card and BNPL programs, specifically tailored to address the evolving payment pain points faced by merchants and consumers.

By collaborating with Tymit, financial institutions, and merchants gain access to technology and expertise, allowing them to create co-branded credit card programs with installment options. This strategic move positions Tymit as a viable option for merchants seeking traditional credit card programs while offering the added advantage of buy now, pay later capabilities (BNPL).

“We are excited to partner with Tymit to provide our clients with innovative solutions that address the pressing challenges faced by the industry,” said Federico Sanavio, Credit Products Solutions & Partnerships at Visa. “This collaboration will empower financial institutions and merchants to meet the changing needs of their customers, offering greater flexibility on card payments whilst enabling an embedded finance ecosystem.”

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