PPRO, a leading provider of local payment solutions, announced a partnership with Afterpay, a popular Buy Now, Pay Later (BNPL) platform. This collaboration expands Afterpay’s reach, allowing e-commerce merchants and payment service providers (PSPs) from the US, Europe, China, and Hong Kong to offer BNPL options to US consumers.
The partnership caters to the growing demand for BNPL in the US, with a staggering 42.5% increase in usage observed on Cyber Monday 2023 compared to the prior year. This flexible payment method benefits both consumers by allowing them to spread purchase costs and merchants by potentially increasing average order values.
PPRO, a FinTech company, facilitates digital payment solutions for businesses and banks. Their platform allows clients to manage local payment complexities through a single integration. Renowned companies like Stripe, PayPal, and J.P. Morgan utilize PPRO’s services for streamlined local payment processing.
Eelco Dettingmeijer, PPRO’s Chief Commercial Officer, highlighted the partnership’s significance: “With BNPL’s rising popularity in the US, offering it at checkout is a clear advantage for merchants targeting US consumers. This collaboration allows merchants across US, Europe, China, and Hong Kong to leverage Afterpay’s platform and provide flexible payment options that attract customers and boost sales.”
