We have some incredible news to share! We are delighted to announce our strategic partnership with Visa, a global leader in payment solutions. This exciting collaboration aims to expedite the adoption of instalment credit amongst large financial institutions and merchants in the UK and Europe by enabling them to offer co-branded and white-labelled instalment credit programs powered by Tymit.
As one of the pioneering instalment credit card services, we have already revolutionised the industry by empowering renowned merchants like Frasers Group with Frasers Plus. Building on this success, our focus now is on providing our expertise to enable co-branded and white-labelled instalment credit programs for large financial institutions and merchants.
This partnership with Visa is a significant milestone for Tymit as we empower financial institutions and merchants to swiftly and cost-effectively bring instalment credit solutions to market. With our proven track record and expertise in instalment credit, we are more than ready to meet the industry's needs by offering innovative co-branded instalment credit cards and white-labelled instalment credit programs.
Tymit's instalment credit solutions offer an attractive alternative to traditional credit card and BNPL programs, specifically tailored to address the evolving payment pain points faced by merchants and consumers. Recent studies have shown that merchants worry about losing control over their customer base, paying excessive fees, lacking adequate affordability checks, and having no protection against fraud, highlighting the market need for forward-thinking financial institutions and merchants.
By collaborating with Tymit, financial institutions and merchants gain access to cutting-edge technology and expertise, allowing them to create co-branded credit card programs with instalment options. This strategic move positions Tymit as a viable option for merchants seeking traditional credit card programs while offering the added advantage of buy now, pay later capabilities (BNPL).
We, at Tymit, are committed to driving innovation and facilitating growth in the instalment credit market. With the backing of Visa's global network and payment expertise, our partnership is set to accelerate the adoption of instalment credit programs.
We are excited to partner with Visa to provide our clients with innovative solutions that address the pressing challenges faced by the industry. This collaboration will empower financial institutions and merchants to meet the changing needs of their customers, offering greater flexibility on card payments while enabling an embedded finance ecosystem.
Stay tuned for more exciting updates as we embark on this incredible journey together!
Thank you all for your continued support.