Finnish fintech Mash announced on Monday it has formed a partnership with Verifone to provide a pay-later solution for use in physical stores across Europe. According to Mash, the new service will provide consumers with an easy option to pay later, while still processing merchant payments instantly. While sharing details about the collaboration. the company stated:
“The innovative new purchasing method provides consumers with an easy way to delay payment. Customers need only select the Mash option from a Verifone device for instant on-boarding and credit approval. Within 14 days, the consumer has the ability to pay the balance in full or can choose to convert to a monthly instalments plan. Essentially, Mash handles the consumer’s financial obligations so that businesses can benefit from being paid instantly and focus on serving their customers instead.”
Mash also claimed it is one of only two companies in Europe that offer both an in-store and online payment solution and is considered to be at the forefront of the payments revolution in Europe. James Hickson, Group CEO of Mash, revealed:
“We’re naturally thrilled to be considered one of Europe’s most innovative payment solutions but we’re focused on doing what we do best: providing exceptional customer experiences and building mutually accretive strategic partnerships.”
Launched in 2007, Mash stated it leverages its proprietary algorithms, machine learning capabilities, and automated platform to deliver finance and payment solutions to thousands of customers every day.