Opy USA, Everyware to Offer BNPL by Text

Buy now, pay later (BNPL) company Opy USA, Inc., through its platform, Openpay Pty Ltd, along with contactless payments firm Everyware, launched a Pay by Text BNPL solution, according to a Tuesday (Oct. 12) press release.

As part of the collaborative effort, Opy will incorporate its BNPL product offering within the Everyware platform to deliver text message payment options to consumers. Opy offers installment payments of up to 24 months and limits of up to $20,000. The company serves various industries, including automotive, healthcare, home improvement, memberships and education.

“With Opy, we are now able to feature a differentiated BNPL offering that will enable merchants and consumers alike to have greater control over their financial decisions and payment options, which is in line with our commitment to jumpstarting the next generation of payments,” said Kevin Feagan, chief revenue officer of Everyware.

Founded in 2015, Everyware offers comprehensive billing solutions, helping companies collect payments and engage with customers, especially through text messaging via its Pay by Text platform.

See also: Everyware Teams With Cybersource, Authorize.net To Power SMB Contactless Payments

In addition to the Pay by Text offering, earlier this year Everyware announced a partnership with Visa’s Cybersource and Authorize.net to offer contactless payment processing and communications for small- to medium-sized businesses.

While Cybersource and Authorize.net will provide payments processing to enterprise-level businesses and SMBs, respectively, Everyware will power two-way communications, as well as secure payment options.

Digital shopping has accelerated amid the pandemic. The share of consumers shopping using digital devices had increased from 27% in March 2020 to 42% in November, PYMNTS found in a recent study. This team-up helps businesses connect with consumers via those digital and mobile channels.

Related: Clickatell, Cybersource Offer Simplified Chat-Based Payment System

Last month, Cybersource and Clickatell announced a Chat 2 Pay option for payment processing, which businesses to accept payments and transactions to and from customers via chat.