Visa and Mastercard to launch 'Buy Now, Pay Later' in India

Visa and Mastercard are said to be looking for partners to establish platforms that would enable retail brands and online merchants to directly tie-up with lenders and provide their customers various payment options, ET reported citing three top industry executives familiar with the matter.

Both the payment companies have talked with major card-issuing local banks on their own networks with product propositions. Visa is also believed to be in discussion with one or more payment gateways for a strategic alliance.

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