Press Release (ePRNews.com) - MIAMI - Oct 22, 2020 - Four, an innovative Alternative Credit and Buy Now, Pay Later (BNPL) platform, today announces its partnership with Visa, the global digital payments company, with the purpose of leveraging Visa’s network to give shoppers all around the world the access to split payment options – both online and in-store.
Four and Visa will be working alongside each other to grow and scale new ways for shoppers to pay. Any retailer that has already incorporated Visa into its checkout system will now be able to easily offer Four, an interest-free split payment option. This means that the partnership will open Four’s acceptance to anywhere where Visa is accepted, getting exposure to over 46 million merchant locations in over 200 countries and territories.
By taking advantage of the ever-expanding Visa infrastructure, Four can grow its network and continue to add capacity to an alternative credit approach. The partnership will also allow Four to enhance its existing Buy Now, Pay Later checkout option, and work to release a range of new products and services.
Millennials are moving ahead as the largest spenders. As a whole, they have a strong aversion toward credit and credit cards. Both Four and Visa are making strong headway into growing payments and lending through a more convenient alternative. With this partnership, Four will be making it easier for shoppers to gain the ability to spend without the need for classical credit. In the new age of e-commerce and millennial spending, both companies strive to empower shoppers with the tools they need without pushing them to change their financial principles.
“This partnership will ensure that we are at the forefront of alternative credit, split payments, product innovation, and provide the next generation of shoppers with better spending options,” says Chaim Lever, the Co-Founder of Four. “Together with Visa, we strongly believe that consumer finance is shifting toward a new wave of shoppers. With this partnership, we are taking another step to enable shopping without classical credit.”
Four is a technology company founded in Miami, Florida, in 2019. It focuses on Buy Now, Pay Later and purchase specific financing options. Four currently operates in the space of e-commerce plugins that allow retailers to empower their shoppers with payment options. The company is on a mission to provide the next generation with powerful tools to be in charge of their spending and easily budget purchases.
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards, and prepaid cards.
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