MySale is planning to offer its proprietary buy-now, pay-later technology to the rest of the industry.
The scheme, called Ourpay, allows customers to pay in instalments with 0% interest, much like Klarna, the buy-now, pay-later operator which runs programmes on behalf of high street players Asos, Arcadia and H&M.
The London-listed Sales etailer developed Ourpay during 2017. More than 130,000 customers have used it since its inception and average order values and buying frequency have both risen.
MySale chief executive Carl Jackson told Retail Week that he was in discussions with retailers who were considering implementing Ourpay at their businesses.
In a statement he added that the group had adopted a “conservative policy” on credit scoring and monitoring of customers
MySale posted a 50% jump in underlying pre-tax profit to £4.9m in the year to June 30, 2018. Sales rose 9%, as did active customer numbers.