ChargeAfter Announces Partnership with Visa to Help Bolster Consumer’s Buying Power and Provide Accessible Financing Choices at Checkout
ChargeAfter Announces Partnership with Visa
ChargeAfter has created the next wave of credit through its global multi-lender Point of Sale Financing platform and launch of strategic partnership with Visa to make payments personalized and flexible.
Sunnyvale, CA, Feb 12, 2020 /PRWeb/ — ChargeAfter, the leading Point-of-Sale Financing technology platform, today announced a strategic partnership with Visa to help provide Visa cardholders with more choice and flexibility in payments when buying goods and services in-store or online. Visa has also made a strategic investment in ChargeAfter.
Through this partnership, Visa’s network of sellers, acquirers and issuing banks will have the option to distribute a broad range of Point of Sale Financing and credit instruments to eCommerce and in-store sellers worldwide using ChargeAfter’s platform.
This collaboration will also enable Visa’s global network of issuing banks to participate in ChargeAfter’s network as direct lenders. It helps to further democratize payments by empowering Visa cardholders with additional payment choices and increased credit options at the Point of Sale.
“By combining ChargeAfter’s financing platform with Visa’s global reach, we have created one of the largest networks of global Point-of-Sale Financing,” said Meidad Sharon, CEO of ChargeAfter. “We are very excited about the new collaboration and investment. Visa and ChargeAfter share a common vision to make payments quick, convenient, safe and accessible. ChargeAfter’s vision is to help every consumer, worldwide, gain access to financing options that best fit their unique needs, and that are available to the consumer when and where they are ready to purchase – online, in-store and over the phone. As part of the continued effort to democratize credit, we’re placing the power of payment options and flexibility in payments back into the hands of the consumer. We are creating the next wave of credit.”
“Consumers increasingly demand more choice and flexibility when making a payment, whether for their everyday needs or high-value items. Working with ChargeAfter, we aim to make it easier for sellers and financial institutions to offer a range of tailored, personalized financing options at the point of sale, allowing consumers to manage their payments in a way that works for them,” said Shahar Friedman, Head of Visa Innovation Studio Tel-Aviv.
ChargeAfter’s platform was founded with the goal to help every consumer access fair and attainable financing options personalized to their unique needs.
ChargeAfter is a market-leading Point of Sale Financing technology platform that connects merchants and lenders to offer consumers personalized Point of Sale financing options at checkout from multiple lenders. Through a growing network of global lenders, merchants can approve up to 85% of applicants in real-time and increase sales by up to 45%.
ChargeAfter’s network offers a seamless integration for lenders to increase their customer base and compete for business while expanding into new retail markets by streamlining the distribution of credit into online and in-store point of sale financing.
ChargeAfter is venture-backed by leading VC’s such as, PICO Venture Partners, Propel Venture Partners, BBVA, Synchrony and Plug and Play VC.
Founded in 2017, ChargeAfter has offices in Sunnyvale, New York and Tel Aviv, Israel to better support our global clients.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.
VP of Marketing and Business Development, ChargeAfter