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Introducing Mastercard Instalment

The new Buy Now Pay Later program that
meets the needs of lenders, retailers and consumers,
offered at scale across the Mastercard network.

The future of Buy Now Pay Later is in the numbers

Consumers are looking for flexible ways to shop and pay that are tailored to their needs.

40%

of Australians indicated they used a BNPL service, significant increase in the last 12 months. The benefits BNPL users see in paying with BNPL over a credit card are related to price and control1

43%

of consumers claim they would be willing to increase their spend by at least 15% if they were to pay in instalments2

31%

is the forecasted growth rate of the BNPL market in Australia over the next 5 years3

1. RFI Consumer Insights April 2022
2. Mastercard Consumer Research AP, April 2021
3. Mastercard Proprietary Research for BNPL Market in Australia, April 2021

Here’s how Mastercard Instalment works in three simple steps:

Step 1 -
A bank or fintech pre-approves a variety of BNPL offers that allow consumers to split up payments, including a pay in four instalment, interest-free option.

Step 2 -
These funds can be stored in the consumer’s wallet of choice just like any other payment - or used at guest checkout - but without the need for a new debit or credit card.

Step 3 -
Mastercard Instalment is accepted across Retailers who accept instalment transactions and can be instantly used online and in shops, backed by the security and peace of mind that comes with Mastercard.

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Illustrative user experience

Discover the many benefits of Mastercard Instalment

Consumers, lenders and retailers receive a variety of opportunities to meet demands with flexible financing solutions.

Mastercard Instalments helps retailers scale Buy Now Pay Later offerings to their customers. The implementation is handled by Mastercard and the acquirer with no lift to the Retailer to offer this new payment choice and no disruption to the existing customer experience. Mastercard Instalment offers the same fraud solutions and consumer protections just like other Mastercard transactions. Meanwhile, acquirers can also offer these Instalment capabilities to their entire Retailer base with minimal, simple integration.

Mastercard Instalments helps retailers scale Buy Now Pay Later offerings to their customers. The implementation is handled by Mastercard and the acquirer with no lift to the Retailer to offer this new payment choice and no disruption to the existing customer experience. Mastercard Instalment offers the same fraud solutions and consumer protections just like other Mastercard transactions. Meanwhile, acquirers can also offer these Instalment capabilities to their entire Retailer base with minimal, simple integration.

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More easily build your BNPL strategy

Mastercard Instalments can help banks, lenders, fintech companies, BNPL players and wallets see a faster path to market without the cost of building acceptance relationships retailer by retailer. Backed by the security and peace of mind that comes with Mastercard.

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Easy purchases. Easy payments.

A seamless experience offered through a choice of lenders where purchases can be made across Retailers who accept Mastercard Instalment, backed by Zero Liability Protection. All without the need for a new debit or credit card. Mastercard Instalment offers comprehensive consumer protections with respect to responsible data use and fee transparency.

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Mastercard Instalments offers a simplified, seamless experience that benefits consumers, lenders and retailers in the journey through the purchase process.

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Explore more details and industry news around Mastercard Instalment

INTELLIGENCE

Get the lowdown

Learn about the changing marketplace, the latest consumer trends and industry opportunities to benefit from BNPL.

Download
Mastercard BusinessCard cards.

PRESS

In the news

Mastercard reinvents instalment to give consumers more payment choices wherever they shop.

Read
World Elite Mastercard for Business cards.

DEVELOPER ZONE

Build with Mastercard APIs

Learn more about building a digital and seamless BNPL experience with Mastercard Instalment.

Learn more
Debit Mastercard BusinessCard cards.