To offer BNPL service to customers.
Latitude Financial has partnered with online retailer Catch Group, enabling its 1.5 million customers to use digital payments platform, LatitudePay, to pay for purchases over 10 weekly instalments.
Latitude Financial managing director and CEO, Ahmed Fahour said Catch is an incredibly successful and entrepreneurial online retailer.
“Catch has about 1.5 million active customers and at any time almost 1.9 million different products for sale on its site at great prices. Now with LatitudePay, we are making it even easier to shop online at www.catch.com.au,” he said.
“We are delighted with the response from merchants to LatitudePay, which offers customers more flexibility with payments and cuts merchant fees to zero for purchases under $250 until January 2021.”
Catch Group CEO, Nati Harpaz said, “We’re excited to be partnering with LatitudePay to provide our customers with more choice and value…LatitudePay responds to the growing demand we’ve seen for buy now pay later services.”
Customers undergo a credit and ID check as part of Latitude’s commitment to acting responsibly. Shoppers using LatitudePay face no fees or charges when they pay on time. A late fee of $10 is charged for missed payments, capped at $10 for balances less than $50, or $50 for larger balances.