Nordics pay later solution is being powered by the Mash and Nets partnership.
The partnership will enable consumers to pay later for purchases at Nordic merchants.
While making a purchase, consumers have to choose the Mash option from a Nets enabled terminal. This will then facilitate instant on-boarding and credit approval.
After doing so, consumers will receive an invoice within 14 days. In addition, that will enable them to pay the balance completely or in monthly instalments.
Nordics pay later solution
Nets Merchant Services group executive vice president Asger Hattel said: “For both Merchants and Consumers, our partnership with Mash underscores our ability to offer the largest selection of payments in the Nordics through Nets services – a fully integrated product that enables merchants to start, run and grow their business well beyond accepting payments.”
The solution will be initially rolled out in Finland and Sweden. Later on, it will be launched in Norway and Denmark.
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Mash group CEO James Hickson said: “The Nordics are clearly recognised as embracing a cashless society and advancing alternative payment methods. Our collaboration with Nets exemplifies this spirit and enables us to deliver a truly differentiated offering to both Merchants and Consumers. When developing our solution we wanted to deliver truly fair payments to Merchants and Consumers.
“Our solution is without charge for both Merchants and Consumers. Merchants report higher basket sizes and Consumers are loving our service in a recent survey.”