Openpay has announced it will partner with BigCommerce, Prestashop and Paycove.io.
The new partnerships will enable longer, larger and more customised plans, helping to drive seamless integration with new merchants and customers at scale.
Openpay will have access an additional half a million ecommerce merchants in AU and US.
Dion Appel, CEO ANZ at Openpay said: “The partnerships with Paycove, BigCommerce and Prestashop play an important role in Openpay’s strategic aim of building a strong pipeline of small to large global merchants through our aggregatorpartners. We look forward to working with such innovative companies who, like Openpay, are focused on delivering the best service possible to their customers.”
BigCommerce is a leading e-commerce platform that provides all sized businesses with services including online store creation, search engine optimisation, hosting, marketing, and security. Openpay will be made available to all Big Commerce merchants, empowering them to build, innovate, and grow their businesses online. The partnership will enhance Openpay’s scale and strength in the e-commerce space across Australia, the United Kingdom, and the United States.
Mark Rosales, Head of BDM and Payments at BigCommerce said: “We are thrilled to be partnering with Openpay as it will allow our merchants to provide more payment options to their customers and in turn, grow their business to success.
As a key partner in the digitalisation of commerce, PrestaShop aims to become the reference commerce platform for the growth of businesses around the world. With nearly 300,000 sites already using its software across the globe, PrestaShop allows companies to easily deploy their business on a larger scale. More than 200,000 merchants worldwide will be made available to Openpay
Valerio Martelli, VP of Partnerships at Prestashop said: “By partnering with Openpay, we are able to offer a fast-growing and differentiated BNPL solution to our customers. This collaboration is critical to our service because it helps our customers stay at the forefront of the financial services market and push the boundaries of commerce.”
Paycove.io is an automated quoting, invoicing, and payments solution for SMEs and large enterprises that integrates seamlessly with CRM and accounting software including Xero and Salesforce. The three-year partnership will allow customers to pay with Openpay directly on an invoice, creating an exciting new experience for consumers using BNPL.
Richard Hankison, CEO at Paycove.io said: “As the financial services market expands, we are excited to partner with Openpay to bring a new, premium BNPL option to our customers. As a company founded on innovation, this collaboration enables us to maintain our leadership in modernising accounting solutions.”
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Openpay Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global ‘Buy now pay later’ (BNPL) payment solutions market. The Company’s strong platform enables it to deliver the most flexible plans in the market with durations of 2–24 months and values of up to $20,000.
Openpay focuses on industries where it can make a true difference: Automotive, Healthcare, Home Improvement, Memberships and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
Openpay also has a unique B2B offering, OpyPro (formerly Openpay for Business), a SaaS-based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system.
Openpay provides services to Customers and Merchants in Australia, New Zealand, the UK and entered the US market, under the brand name Opy, in December 2020.