Barclays US Consumer Bank Expands POS Financing Suite to Include Installment Options Powered by Amount
Barclays US Consumer Bank has partnered with Amount, a leading technology provider for financial institutions, to become one of the first major U.S. banks to offer point-of-sale (POS) financing installment options. Barclays will also be one the first providers to offer merchants the option of a POS payment under the merchant’s own brand, which presents a unique opportunity for them to deepen connections with their customers.
With increased consumer demand for versatile payment options and booming e-commerce leading to a 200% growth in buy now, pay later (BNPL), Barclays is well positioned to strengthen its presence at the point-of-sale. Barclays brings decades of experience in marketing, analytics, underwriting and risk management, in addition to brand presence, a strong balance sheet and a global merchant portfolio to the BNPL marketplace.