Mastercard Inc. is wading into the buy-now, pay-later movement as consumers adopt a more nuanced view of credit purchases.
The company announced Tuesday that it has acquired Vyze, a business that lets merchants offer financing options from various lenders both online and at the point of sale. Terms of the deal weren’t disclosed.
While Vyze isn’t a lender, it connects merchants with various lending options. Blake Rosenthal, Mastercard’s MA, +0.30% vice president of global acceptance, told MarketWatch that the platform is attractive to merchants because it lets them add multiple lenders with a single integration and is attractive to consumers because the various options for installment purchases increase the probability that they are approved for financing.
