Founded in Australia, Openpay is a next-generation interest-free payment solution that helps customers responsibly manage their purchases. The mission of the company is to change the way people pay for the better, offering a flexible alternative to expensive overdrafts and credit cards.
In 2019, Openpay entered the UK market bringing UK consumers interest-free monthly payment plans, typically over three to six months, helping them manage their finances more easily. Customers pay no interest ever and there are no hidden fees.
Sign-up is simple with a quick ID and credit check, and customers are able to purchase through Openpay in up to 90 seconds. Today, Openpay works with many major brands, including JD Sports in the UK and Bunnings, Bupa, Nike, Smiggle and French Connection in Australia.
- Retail Voice
Andy Harding, managing director of Openpay, explains how retailers can tap into customers’ desires for more transparent payment solutions in order to grow consumer trust and loyalty, and increase responsible spending.