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Citi's BNPL offering 'Spot.' to launch in October

Mortgage Business
Citi’s BNPL offering ‘Spot.’ to launch in October
By Annie Kane
05 August 2021
Pre-registrations have opened for Citi’s upcoming buy now, pay later offering, Spot., which will launch in October.
Citi Australia (Citi) has announced that its ‘interest-free’ buy now, pay later (BNPL) product will go live in October under a new brand, Spot..
As previously reported, the bank is launching the new proposition to enable customers to pay for goods up to the value of $1,000 using the digital card, which can then be repaid in four fortnightly instalments.
For purchases of $200 or more, customers will also have the option to pay a $10 flat fee to break the payments into eight smaller fortnightly payments, should they so wish. ....

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Citi expands markets and securities business in Australia with several new hires

Citi expands markets and securities business in Australia with several new hires
thetradenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetradenews.com Daily Mail and Mail on Sunday newspapers.

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Citi Australia enters buy now, pay later market

Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Citi Australia enters buy now, pay later market
7 hours ago
Citi Australia is taking on local buy now, pay later vendors Afterpay and Zip by joining forces with online retailer Kogan.com to allow credit cardholders to enter into an instalment loan at checkout.
To access the service, customers need to log onto or create a Kogan.com account, enrol their Citi credit card, and select to pay with instalments at the checkout, with offers to pay over 3, 12, 18 or 24 months displayed in real time. ....

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Banks and materials stocks lift ASX to 0.5pc gain

Australian shares rose 32.7 points to 7308; IPO for Geoff Wilson’s latest LIC delayed; Seven raises Boral takeover bid. Follow the latest here. ....

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Citi launches buy now, pay later rival

Citi Australia will launch a buy now, pay later business run through a Mastercard proposition that will take on Afterpay and Zip by undercutting the established players’ merchant fee charges. ....

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