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Mastercard to launch new buy now, pay later service

September 30, 2021

While some legacy companies have said in the past that they didn’t need to jump on the BNPL bandwagon, clearly Mastercard’s announcement shows the worldwide trend is now taking on board even major legacy companies.

Purchase, New York-based Mastercard said today that adding this new service, called Mastercard Installments, for card and real-time payments will give merchants and consumers more options for check-out at a time when they are demanding it.

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