SAN DIEGO and NEW YORK, Dec. 1,
2021 /PRNewswire/ -- (Opy), a diversified global
fintech company and its parent company Openpay Pty
Ltd (ASX: OPY) (Openpay), today announced a Card acceptance
agreement with American Express (NYSE: AXP). The agreement allows
Card Members to use their American Express Cards to make
installment payments with participating Healthcare and Auto Repair
& Maintenance merchants via Opy's 2.0 version of BNPL, a Buy
Now, Pay Smarter (BNPS) solution. In addition, American
Express will help support merchants in these industries who are
interested in offering BNPS by introducing them to Opy's team.
Opy's products are readily available in the US and are customized
for a wide variety of important larger purchases.
Opy's BNPS offering is differentiated from traditional
pay-in-four BNPL plans through its industry-leading, fair,
transparent, and fixed fee BNPS payment solution that extends up to
$20,000 with plan lengths of up to 24
months. Opy's products are readily available in the US and are
customized for a wide variety of important larger purchases
connected to key life decisions over longer terms.
Brian Shniderman, Opy USA
CEO and Openpay Global Chief Strategy Officer remarked, "We're
thrilled to be partnering with American Express, a company that
helps their merchants and consumers make sound, savvy decisions. We
are excited to offer our innovative products to American Express
merchants and Card Members alike, particularly for larger, more
meaningful life purchases."
"We are constantly striving to drive additional value to our
Card Members and merchants," said Colleen
Taylor, American Express President of Merchant Services –
US. "With Opy, we are pleased to offer another payment option for
customers who make and accept larger healthcare, auto repair
and maintenance purchases."
American Express and Opy will also explore opportunities to
collaborate on product development initiatives that would
leverage Opy's B2C BNPS and B2B trade account management platforms.
This collaboration will seek to deliver a balanced merchant and
customer-friendly offering.
About Openpay
Openpay Group Ltd (ASX: OPY) is a
global, fast-growing, and highly differentiated provider of 'Buy
now pay smarter' (BNPS) payment solutions. Through its platform,
Openpay delivers the most flexible BNPS plans in the market, with
longer terms - up to 24 months, and with higher limits - of up to
$20,000. Openpay brings fairness,
transparency, and flexibility to merchants and consumers alike, and
focuses on industries where it can truly make a difference:
Automotive, Healthcare, Home Improvement, Memberships, and
Education. The company focuses on providing a greater range of
payment solutions and has created a powerful next generation BNPS
solution for those who need it the most, the responsible adult
consumer looking to Buy Now, Pay Smarter. Openpay's B2B offering,
OpyPro, is a SaaS-based platform that enables companies to manage
trade accounts end-to-end, including applications, credit checks,
approvals, and account management all in one system. Openpay
provides services to, payment processors, merchants, and their
customers in Australia,
New Zealand, United Kingdom, and in the United States, where it operates under the
brand name Opy. The company was recent ranked number 318 on the
Deloitte Technology Fast 500™ Asia
Pacific 2020 and is ranked 41 on the Deloitte Technology
Fast 50 Australia. For more information, visit www.opy.com.
ABOUT AMERICAN EXPRESS
American Express is a globally
integrated payments company, providing customers with access to
products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com and connect
with us on facebook.com/americanexpress,
instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: personal cards, business cards, travel services, gift
cards, prepaid cards, merchant services, Accertify, Kabbage, Resy,
corporate card, business travel, diversity and inclusion, corporate
responsibility and Environmental, Social, and Governance
reports.
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SOURCE Opy