Fintech firm Mash has teamed up with payment technology firm Verifone to provide a pay later solution to merchants and consumers across Europe.
Consumers using the new service will be allowed to make purchases and pay later by choosing the Mash option from a Verifone device. On-boarding and credit approval will be done instantly.
Consumers will get an invoice within 14 days, after which they can either opt to pay the entire money or pay it in monthly instalments.
Mash group CEO James Hickson said: “Since we launched our initial pilot with Verifone in Finland, businesses have highlighted the service’s simplicity and their ability to secure larger basket sizes. We have seen excellent traction since the pilot in November and are now up and running with hundreds of merchants across a range of market segments.
“We are now focused on scaling significantly in 1Q 2018 and empowering businesses across Europe.”
Verifone Europe vice president of digital services Nathan Gill added: “For both merchants and consumers, our partnership with Mash underscores our ability to deliver differentiated experiences through Verifone Connect, a fully integrated global product that enables merchants to start, run and grow their business well beyond accepting payments.”