SAN DIEGO, Sept. 23, 2021 /PRNewswire/ -- 'Buy now,
Pay smarter.' company, Opy USA, Inc., (Opy), and its parent company
Openpay Pty Ltd (ASX: OPY) (Openpay), today announced
a strategic partnership with Experian to bring Opy's Buy
Now, Pay Smarter (BNPS) differentiated offering to the US
market as well as other regions. Opy's unique flat fee, no interest
product will use numerous world-class Experian solutions to manage
risk, guide users to make better financial decisions, and extend
low-cost and more affordable and transparent loans to a greater
number of consumers.
OPY USA ANNOUNCES STRATEGIC
PARTNERSHIP WITH EXPERIAN
"Launching such a game-changing, transparent and affordable
solution, one that's as much as one-third the cost of existing
loans, would not have been possible without the stack of
outstanding solutions Experian offers," said Brian Shniderman, Opy's US CEO and Global Chief
Strategy Officer. "The ability to work with one partner who offers
so many of the pieces we needed to launch this solution was
critical in our decision to partner with Experian. Opy's BNPS
solution will be offered through large ecosystem partners including
global payments processors as well as merchant aggregators with
tens of millions of consumers."
Building on its existing relationship with Experian, the latest
strategic partnership strengthens Opy's commitment to Americanize
the Opy brand and platform, one of its key pillars in measuring
success through strategic partnerships. In addition, the
partnership between Opy and Experian validates Opy's commitment to
accelerate its growth by providing consumers with a broader set of
verticals where Opy's solutions will provide financial ease for
meaningful life purchases.
"For 13 years, as a Vice President at Experian, I witnessed
first hand the value of Experian's Consumer, Commercial, and
Affinity solutions," explains Michele
Raneri, Opy's SVP, Head of Data and Consumer Product. "Opy's
ability to leverage Experian's countless tools to enable our
operation will help drive business as well as continue to scale and
grow Opy's presence within the US market. This is an exciting
expansion on our relationship to collectively increase Opy's
continued progress with large scale aggregators."
"The role Opy will play in the financial services arena is a
critical one, and we're thrilled to provide Experian's tools to
enable their operation in many sectors, including healthcare and
retail," said Craig Boundy, CEO of
Experian North America. "We're excited to deepen our relationship
with Opy to create new business opportunities and significant
success for both companies in the near future. We look forward to
this evolving relationship."
For more information, visit www.opy.com.
About Openpay
Openpay Group Ltd (ASX: OPY) is a global, fast-growing, and
highly differentiated provider of 'Buy now pay later' (BNPL)
payment solutions. Through its platform, Openpay delivers the most
flexible BNPL plans in the market, with longer terms - up to 24
months, and with higher limits - of up to $20,000. Openpay brings fairness, transparency,
and flexibility to merchants and consumers alike, and focuses on
industries where it can truly make a difference: Automotive,
Healthcare, Home Improvement, Memberships, and Education. The
company focuses on providing a greater range of payment solutions
and has created a powerful next generation BNPL solution for those
who need it the most, the responsible adult consumer looking to Buy
now, Pay smarter. Openpay's B2B offering, OpyPro, is a SaaS-based
platform that enables companies to manage trade accounts
end-to-end, including applications, credit checks, approvals, and
account management all in one system. Openpay provides services to,
payment processors, merchants, and their customers in Australia, New
Zealand, United Kingdom,
and in the United States, where it
operates under the brand name Opy. The company was recent ranked
number 318 on the Deloitte Technology Fast 500™ Asia Pacific 2020, and is ranked 41 on the
Deloitte Technology Fast 50 Australia. For more information, visit
www.openpay.com.au, www.openpay.co.uk, and www.opy.com.
About Experian
Experian is the world's leading global information services
company. During life's big moments — from buying a home or a car to
sending a child to college to growing a business by connecting with
new customers — we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organizations to prevent identity fraud and crime.
We have 17,800 people operating across 45 countries, and every
day we're investing in new technologies, talented people and
innovation to help all our clients maximize every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global
content hub at our global news blog for the latest news and
insights from the Group.
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian and its affiliates. Other product
and company names mentioned herein are the property of their
respective owners.
Learn more at www.experianplc.com or visit our global
content hub and our global news blog for the latest news
and insights from the Group.
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SOURCE Opy USA, Inc.