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September 3, 2020

Sezzle launches Marqeta-powered virtual payment card

US-based instalment payments platform Sezzle has rolled out a virtual card to offer interest-free instalments solution for both in-store and online purchases.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
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Powered by card issuing platform Marqeta, the Sezzle Virtual Card is launched on Apple Pay and Google Pay payment wallets.

In-store retailers already accepting Apple and Google Pay will now be able to offer Sezzle’s buy now, pay later (BNPL) solutions to their customers.

Using the virtual card, customers can pay for their in-store purchases in four interest-free instalments over a period of six weeks.

Merchants looking to offer the instalment services can sign up by opening an account with Sezzle.

Customers can activate their virtual cards in the Apple and Google Pay wallets by tapping their phone at point-of-sale (POS) terminals at checkout.

Sezzle co-founder and CTO Killian Brackey said: “As traditional, in-store retail re-emerges, it’s critical that we support our merchant partners by giving them new tools to jump-start sales, both online and in-store.

“As a proven solution for driving incremental sales and new customer growth, we are thrilled to publicly announce an easy way for US retailers to offer Buy Now, Pay Later in store.”

In its second quarter, Sezzle added 325,000 new users and posted a yearly growth of 326%.

Recently, Federal Bank and Innoviti teamed up to offer debit card EMI on POS terminals. Innoviti also collaborated with Visa to offer instalments at POS to cardholders.

Similarly, eBay’s PayPal also launched its new short-term instalment solution in the US.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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