Financial giant Discover announced on Thursday that it and Sezzle, Inc. (ASX:SZL), an installment payment platform, entered into an agreement that will allow Sezzle to work with selected merchants on the Discover Global Network in offering consumers additional payment options.
According to the duo, the partnership will allow select U.S. merchants to offer customers an interest-free buy now pay later option through Sezzle’s platform. Speaking about the partnership, Paul Paradis, an Executive Director and the President of Sezzle, stated:
“Our partnership with Discover will help to further accelerate our business development efforts by connecting our team with Discover and its established relationships.”
Jason Hanson, Senior Vice President of Global Business Development and Acceptance at Discover, also commented:
“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. 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.”
Founded in 2016, Sezzle claims to be a public-benefit corporation on a mission to financially empower the next generation. The company explained that it strives to enable all people to take control over their financial futures, be more responsible and gain access to financial freedom by building the most transparent, inclusive, and seamless payments option for online purchasers. 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 U.S.