Royal Financial institution of Canada is the newest lender to faucet into Visa’s BNPL expertise to supply its credit score cardholders the choice of paying for purchases in instalments.
The deal signifies that eligible RBC private credit score cardholders can convert a qualifying buy into smaller, equal funds remodeled an outlined time period when procuring at taking part retailers throughout Canada – each in-store and on-line.
Launched in Canada final yr, Installments enabled by Visa signifies that consumers can use their current credit score with out submitting new mortgage purposes, finishing credit score checks, or downloading a brand new app.
Leah Napier, VP, retail playing cards, RBC, says: “Collectively, we’re excited to supply shoppers one other cost choice that gives higher flexibility, affordability and ease after they store – all seamlessly built-in inside their current RBC bank card product.”