Openpay Group Ltd (ASX:OPY)
Openpay (ASX:OPY) is a payments technology company based in Australia. Currently, Openpay provides services to Customers and Merchants in Australia and New Zealand, and began offering services in the United Kingdom in June 2019.
Openpay partners with Merchants to provide buy now pay later (BNPL) repayment plans to Customers in-store, in-app and online. Openpay’s BNPL offering allows Customers to purchase what they want and need while spreading repayments over time and attracting no interest costs.
By providing flexible payment solutions to Customers, Openpay’s BNPL offering also facilitates increased transaction values and conversion rates for Merchants at checkout.