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

Friday 22 October 2021 15:07 CET | News

Visa and Mastercard are exploring ways to launch their respective BNPL platforms in India by the end of fiscal year 2022.

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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Keywords: product launch, online payments, BNPL, Visa, Mastercard, lending, payment gateway
Categories: Payments & Commerce
Countries: India
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Payments & Commerce

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