BNPL Provider Openpay Launches In US

Openpay, an Australian buy now, pay later (BNPL) provider, has officially launched in the U.S., according to a press release.

BNPL refers to the practice of allowing customers to pay for goods in installments, usually four smaller increments. The purpose is to allow for people to afford items that might otherwise be too costly.

Openpay focuses on “industries where it can make a real difference,” the release stated, going on to list the healthcare, automotive, home improvement and education sectors.

The target customers, according to the release, are “finance-savvy and of an