Openpay Group Ltd (OPY:ASX)
Openpay Group Ltd is an Australia-based technology company that provides payments platform for merchants and consumers. The Company’s software and technology platform enables customers to select from a range of no interest payment plans when purchasing goods or services. These plans allow customers to pay for products over time via a number of repayments, instead of having to fund the entire purchase price upfront. It provides a cash flow management tool that assists customers to better manage their financial commitments and offers an alternative payments solution to other funding options, such as credit cards and traditional loans. In addition to providing funding flexibility for customers, it provides merchants with a range of substantial benefits, including increasing average transaction value and providing greater insight into their overall consumer base. It offers its services to retail, automotive, healthcare and home improvement merchants and customers.