- Mastercard partnered with payment processor TSYS to offer issuer-based installment options to cardholders.
- With this move, Mastercard joins rival PayPal in attempting to use their established payments businesses to find success in the space.
The card network has partnered with payment processor TSYS to offer issuer-based installment options to cardholders. These offerings include letting consumers decide to spread payments out before they make them, to receive notifications about installment options for their card while they shop, and to turn purchases into installment payments after a purchase was already made.
Mastercard’s features differ from merchant-focused offerings from buy now, pay later (BNPL) leaders like Afterpay and Klarna, and could be appealing since they enable consumers to access installments via their Mastercard and issuing bank, rather than a new service.
The card network adds these consumer-focused installment solutions to its growing