Tymit Teams Up with Visa to Offer White-Labelled Installment Credit Solutions

LONDON, UK, July 20, 2023 (VSNewsNetwork.com) - Fintech firm Tymit has announced a strategic alliance with global payments giant Visa. This partnership aims to accelerate the adoption of instalment credit among large financial institutions and merchants across the UK and Europe, by offering them the opportunity to present co-branded and white-labelled instalment credit programs powered by Tymit.

Tymit has already established its footing in the instalment credit industry by powering instalment programs for major merchants, including the Frasers Group. Building on this, Tymit's objective is to extend its capabilities to empower financial institutions and merchants to deliver co-branded and white-labelled instalment credit programs.

Martin Magnone, CEO and Co-founder of Tymit, stated, "Our partnership with Visa signifies a significant milestone for Tymit as we empower financial institutions and merchants to swiftly and cost-effectively bring instalment credit solutions to market." Tymit's solutions present an appealing alternative to traditional credit card and Buy Now, Pay Later (BNPL) programs, tailored to address the evolving payment challenges faced by merchants and consumers.

Partnership with Tymit offers financial institutions and merchants access to advanced technology and expertise. This facilitates the creation of co-branded credit card programs with instalment options, positioning Tymit as an attractive option for merchants looking for traditional credit card programs with the added benefit of BNPL capabilities.

Robert Kenley, Chief Commercial Officer at Tymit, added, "Tymit is a one-stop-shop for creating a valuable instalment experience program." The partnership between Tymit and Visa, backed by Visa's global network and payment expertise, promises to stimulate the growth of instalment credit programs.

Federico Sanavio, Credit Products Solutions & Partnerships at Visa, shared his excitement about the partnership, highlighting that it will empower financial institutions and merchants to meet the changing needs of their customers. For more information, visit www.tymit.com.

Source: Tymit via Pressat