The update, delayed from last year, would be the most substantial change to the interchange rate structure in a decade and the card networks have not signaled plans to delay it further.
Visa Inc. and Mastercard Inc. are planning to raise swipe fees for some types of credit-card purchases in April, adding to the squeeze felt by restaurants, retailers and other merchants already struggling through the Covid-19 pandemic.
Australian Buy now, pay later provider Openpay commences US market launch
Dec 16 2020
MELBOURNE, Australia, Dec. 16, 2020 /PRNewswire/ Australian Buy now, pay later (BNPL) provider Openpay Group Ltd (ASX: OPY) today commenced the launch of its operations in the US market.
Openpay is an ASX-listed, fast-growing, and highly differentiated player in global BNPL payment solutions. It delivers the most flexible plans in the market, focuses on industries where it can make a real difference: Automotive, Healthcare, Home Improvement, Memberships, and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
The Company also has a unique B2B offering,