Ann: Clearpay reaches 1 million active customers in first year, page-3

Big fan of the following:

-  Customer purchasing frequency in the U.K. is outpacing the U.S. when it was at the same stage of lifecycle, with customers transacting more than 8 times within the first year compared to the U.S. which was at 6 times during its first year.

-During the COVID-19 period, Clearpay has seen a strong customer adoption rate. In May 2020, Clearpay had more than 3 million app and site visits, and Clearpay’s Shop Directory contributed over 1.5 million lead referrals to its retail partners. This represents a 40-50% increase in the weekly run rate from January and February.
*More evidence that COVID-19 was a net-positive to BNPL*

-By offering Clearpay, merchants give consumers more flexibility and spending power, reducing friction in the purchasing process, which ultimately drives higher sales and new customers to their business. On average, merchants see customer conversion rates increase by over 20% and average order values increase by over 25% compared to all other payment methods.