Openpay

Openpay?Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global ?Buy now pay later? (BNPL) payment solutions market. The Company?s strong platform enables it to deliver the most flexible plans in the market over a payment period of up to 6 months in the UK. Following an initial payment at the time of purchase, customers can spread payments into equal monthly instalments over a payment period of up to 6 months. Customers can align future payments with their pay cycle, helping them to manage their finances more easily. Customers pay no interest, ever, and there are no hidden?fees. Openpay?focuses on industries where it can make a true difference?and its target customers are finance-savvy and of an older demographic who use?Openpay?plans as a cashflow management tool. Openpay?provides services to Customers and Merchants in Australia, New Zealand, the UK and entered the US market, under the brand name?Opy, in December 2020.