PayPal will launch its “buy now, pay later” (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday.
PayPal, which has over 9 million active accounts in Australia, will roll out the BNPL solution to its Australian customers in early June 2021, ready for use by the End of Financial Year Sales.
Andrew Toon, General Manager, Payments, PayPal Australia said: “Australian consumers are looking for more choice and flexibility and PayPal Pay in 4 gives them yet another way to purchase securely using PayPal. PayPal’s digital wallet is the only solution that provides multiple ways to pay all in one place – instantly with a debit or credit card; 21 days later with our Pay After Delivery option, and now in four interest-free installments using PayPal Pay in 4.”
“Our Australian business customers have been requesting buy now pay later functionality from us, and we’re excited that we can offer PayPal Pay in 4 to them at no additional cost.”
“Shopping habits are changing at an unprecedented rate and during the pandemic, we saw more than two million Australians start shopping online for the first time. We will continue to support Australian businesses of all sizes to adapt to rapidly changing consumer behaviors by evolving our service to meet their needs.”
