- Openpay announces its entry into the UK veterinary market in partnership with cloud-based practice management Software platform, ezyVet
- Openpay’s interest-free, flexible ‘Buy now. Pay smarter.’ payment plans will be available to all ezyVet customers
- Partnership triggers Openpay UK’s expansion into the Healthcare sector – the company’s first vertical outside of Retail
London, UK, 23rd March 2021 : Openpay, the UK’s highest rated BNPL provider on Trustpilot, whose mission is to change the way people pay for the better, has today announced its entry into the UK Healthcare market with cloud-based practice management software platform, ezyVet. The landmark deal marks the latest step in Openpay UK’s expansion strategy.
The move follows a huge period of animal adoption in the UK, with a quarter of Brits saying they themselves, or someone they knew, had given home to a pet during lockdown*. From terriers to tabbies, rabbits to reptiles, and everything in-between, Openpay will offer it’s Buy now, Pay smarter interest free plans to UK pet owners when they need it the most.
With vet bills potentially running into the thousands, Openpay’s proposition to provide flexible payment plans with no interest or hidden fees, is crafted to put Brits’ four-legged friends first. Openpay doesn’t believe owners should have to choose between their financial health and their pet’s health, especially after this past year of pandemic.
Taking the lead from its home market of Australia, Openpay will be offering all payment plans in-practice, meaning owners will have an immediate solution to spread the cost rather than pay the entire bill upfront. The deal will also be replicated in the US, and will mark a significant milestone for Opy USA, Openpay’s US arm, as the company’s first major agreement.
I know first-hand the expense of veterinary bills and that they can come at the most unexpected or inconvenient times, so I’m proud we’re able to help pet owners when they need it most.
Andy Harding, Openpay UK MD
ezyVet is the next generation in cloud-based practice management software for veterinary professionals who want to save time, grow their business, and deliver excellence in all aspects of veterinary care. The company supports clinical data across the workflows of over 40,000 licensed users and 2,000 practices across several countries.
The UK veterinary market, which is worth £2.8billion,* is Openpay UK’s first sector expansion outside of Retail. Openpay will be integrated as an alternative payment option within the ezyVet vet practice management software and ezyVet will introduce vet practice clients to Openpay. This will enable any of ezyVet’s practices in the UK and US to offer payment plans to pet owners seeking to spread the cost of their veterinary procedures and treatments. Openpay plans on the ezyVet platform are expected to be made available to consumers in the UK before the end of FY2021 and in early FY2022 in the US with the in-store capabilities on the Openpay app coming soon.
Andy Harding, UK Managing Director of Openpay, said: “This is a huge step in Openpay UK’s expansion roadmap and it’s the first of many sectors we are looking to break into. Whilst we’ve been increasing our presence in the retail market, we have always believed that our ‘Buy Now. Pay Smarter’ solution has the potential to help UK consumers across all facets of their lives.
“I know first-hand the expense of veterinary bills and that they can come at the most unexpected or inconvenient times, so I’m proud we’re able to help pet owners when they need it most.”
Consumers can use it for their petcare, dentist and optometrist appointments, they can even service their car.
Pete Brown, Chief Financial Officer of ezyVet
Pete Brown, Chief Financial Officer of ezyVet, said: “We like Openpay because it doesn’t restrict itself to just one vertical. Consumers can use it for their petcare, dentist and optometrist appointments, they can even service their car. This increases the likelihood of consumers already having the application on their phone.”
Openpay launched in the UK in early 2019, following a record period of growth in Australia. The company is set continue its UK expansion in the coming months.
Notes to Editors:
- Market share figure sourced via: https://www.ibisworld.com/united-kingdom/market-research-reports/veterinary-services-industry/
For further information, please contact:
Lewis Durkin or Steele Paulich, Brands2Life
Tel: +44 (0)20 7592 1200
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 over a payment period of up to 6 months in the UK.
Following an initial payment at the time of purchase, customers can spread payments into equal monthly instalments over a payment period of up to 6 months. Customers can align future payments with their pay cycle, helping them to manage their finances more easily. Customers pay no interest, ever, and there are no hidden fees.
Openpay focuses on industries where it can make a true difference and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
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.