Here’s how Mastercard Installments works in three simple steps:A bank or fintech pre-approves a variety of BNPL offers that allow consumers to split up payments, including a pay in four installments, interest-free option.These funds can be stored in the consumer’s wallet of choice just like any other payment – or used at guest checkout – but without the need for a new debit or credit card.Mastercard Installments is accepted across the Mastercard network and can be instantly used online and in stores, backed by the security and peace of mind that comes with Mastercard.
The customer will need to have an existing or new BNPL product.
SPT Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held