PaymentsSource: Mastercard buys Vyze to get ahead of the POS financing market
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17 April 2019
Mastercard buys Vyze to get ahead of the POS financing market
PaymentsSource, John Adams, Tuesday, 16 April 2019
By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.
The Austin-based Vyze lives in a market that includes Affirm, Splitit, PayPal and myriad others that offer what amounts to “card avoidance,” or the ability to finance a purchase at the point of sale with simpler terms than the rolling credit model of credit cards.
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Corporate Banking, Retail Banking
Asia-Pacific, EMEA, LATAM, North America