The latest strategic collaboration enhances Opy's commitment to Americanizing the Opy brand and platform, one of its major pillars in evaluating performance through strategic partnerships, by building on its current engagement with Experian.
FREMONT, CA: Opy USA, Inc. (Opy) and its parent business Openpay Pty Ltd (ASX: OPY) (Openpay), a 'Buy now, Pay smarter.' firm which allows it to provide the most flexible BNPL plans on the market, with longer periods (up to 24 months) and larger amounts than the competition collaborated with Experian to deliver Opy's Buy Now, Pay Smarter (BNPS) unique product to the US market and other areas. Opy's one-of-a-kind flat-fee, the no-interest offering will rely on a variety of world-class Experian technologies to control risk, assist users in making better financial decisions, and provide low-cost, more affordable, and transparent loans to a larger number of people.
Meanwhile, Openpay provides merchants and customers with fairness, transparency, and flexibility and focuses on areas that can make a difference.
"Launching such a game-changing, transparent and affordable solution, one that's as much as one-third the cost of existing loans, would not have been possible without the stack of outstanding solutions Experian offers," said Brian Shniderman, Opy's US CEO and Global Chief Strategy Officer. "The ability to work with one partner who offers so many of the pieces we needed to launch this solution was critical in our decision to partner with Experian. Opy's BNPS solution will be offered through large ecosystem partners including global payments processors as well as merchant aggregators with tens of millions of consumers."
The latest strategic collaboration enhances Opy's commitment to Americanizing the Opy brand and platform, one of its major pillars in evaluating performance through strategic partnerships, by building on its current engagement with Experian. Furthermore, the collaboration between Opy and Experian supports Opy's ambition to accelerate its growth by offering customers a larger set of verticals where Opy's solutions will give financial comfort for significant life purchases.
"The role Opy will play in the financial services arena is a critical one, and we're thrilled to provide Experian's tools to enable their operation in many sectors, including healthcare and retail," said Craig Boundy, CEO of Experian North America. "We're excited to deepen our relationship with Opy to create new business opportunities and significant success for both companies in the near future. We look forward to this evolving relationship."