Fintech company Sezzle (ASX:SZL) and digital banking and payment services company Discover Global Network have announced an agreement that will allow Sezzle to work with selected merchants on the Discover Global Network.
This relationship is Discover Global Network’s latest partnership in the buy now, pay later space and Sezzle’s latest partnership with one of the four major card networks in the US market. Select US merchants will be able to offer their customers an interest-free buy now, pay later option through Sezzle’s platform, with little to no upgrades to their existing payments systems. These merchants will have the option to process buy now, pay later transactions on the Discover Global Network.
Our partnership with Discover will help to further accelerate our business development efforts by connecting our team with Discover and its established relationships,” said Paul Paradis, an Executive Director and the President of Sezzle.
“Our merchant partners are always a top priority and we know that providing them with additional payment options, such as a buy now, pay later structure, can be beneficial, especially in the current economic environment,” said Jason Hanson, senior vice president of global business development and acceptance at Discover. “We are able to leverage our unique technology capabilities and vast network of merchant relationships to provide Sezzle the ability to grow its business and provide new payment opportunities.”
Discover Global Network has more than 48 million merchant acceptance locations and two million ATM and cash access locations around the world. Discover is accepted by 99% of places that take credit cards in the United States.
The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.
Sezzle’s payment platform increases the purchasing power for more than 2.2 million Active Consumers by offering interest-free installment plans at online stores and select in-store locations.