CBA introduces 'StepPay'

The new CBA BNPL.

Link:
https://www.commbank.com.au/digital-banking/buy-now-pay-later.html?mch=ps&gclid=Cj0KCQjw2tCGBhCLARIsABJGmZ4GxvO0QXVskTwJHcKmxRe46gqYzE3X1SsZrQQSSyiAh3nDsEDi9g8aAlP8EALw_wcB

"StepPay is a digital-only card that can be added to your CommBank app or digital wallet on your smartphone or device, and managed through the CommBank app. You can use this digital card to tap and pay in-store and shop online anywhere Mastercard is accepted, without needing a physical card. We’ll automatically split your purchases of $100 or more into four equal, fortnightly repayments.

For purchases under $100, the full amount will come out of your linked CommBank account in one go. This means you can use StepPay for both everyday spending and bigger purchases.

There are no interest charges, no monthly or annual fees, and you’ll be able to access your repayment schedule anytime in the CommBank app. Late payment fees will apply, but we have limits in place so fees are capped. Fees and charges may apply to your linked CommBank account."