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  5. PaymentsSource: Mastercard buys Vyze to get ahead of the POS financing market

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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News article details

Industry
Corporate Banking, Retail Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America