Source: Goodyear and Dunlop Tyres Australia
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  • Openpay (OPY) pens major partnership deals in the automotive world across Australia and the UK
  • The buy-now, pay-later (BNPL) company has teamed up with Goodyear and Dunlop Tyres Australia, which will see over 450 auto service and tyre businesses across Australia offer the service from October
  • Agreements have also been made with the Victorian Automobile Chamber of Commerce (VACC) and Bosch Car Service Australia to offer customers Openpay at the point of sale
  • Meanwhile, OPY has been continuing its growth in the healthcare sector across Australia and the UK, partnering with hospitals and dental practices
  • Openpay is up 3.8 per cent, trading at $1.37 at 12:20 pm AEST

Openpay (OPY) has penned major partnership deals in the automotive world.

The buy-now, pay-later (BNPL) company has teamed up with tyre tycoon, Goodyear and Dunlop Tyres Australia.

The deal will see over 450 auto service and tyre businesses across Australia offer Openpay across the nation from October 2021. This will include 160 company-owned Beaurepaires stores, joining 143 Goodyear Autocare Centres and 148 Dunlop Super Dealer stores.

On top of this, agreements have been made with the Victorian Automobile Chamber of Commerce (VACC) and Bosch Car Service Australia to offer their respective customers the payment service at point of sale.

This will introduce Openpay to over 5,000 locations, with 12 VACC merchants and 22 Bosch Car Service already offering the platform online.

“Access to longer and higher value plans means that unexpected and even scheduled car servicing and parts payments can be spread over time – delivering a tangible, positive impact on the household budget and cashflow,” said Openpay’s Managing Director and Group CEO, Michael Eidel.

“For Automotive merchants, the ability to offer a payment solution like Openpay means maintaining strong, positive customer relationships over a longer lifecycle.”

Meanwhile, Openpay has been continuing its growth in the healthcare sector across Australia and the UK.

In Australia, Openpay has signed a partnership with Nexus Hospitals, where the buy now, pay later service will be introduced to self-funded patients through private hospitals. In the UK, Openpay has teamed up with Henry Schein’s Software of Excellence, which offers dental practice management software and marketing solutions.

Additionally, Openpay’s ezyVet veterinary software platform went live in the UK with several major vet practices onboarded ahead of its launch this month.

Openpay was up 3.8 per cent, trading at $1.37 at 12:20 pm AEST.

OPY by the numbers
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