Paidy to Offer Instant Buy-Now Pay Later Payments for Amazon’s Consumers in Japan
TOKYO--(Business Wire / Korea Newswire) November 25, 2019 -- Paidy Inc. (“Paidy”), the instant buy-now pay later payment service, announced that Paidy is now available on Amazon.co.jp (referred to as “Amazon”) as a payment option for customers.
With the goal of removing barriers and embracing simplicity, Paidy is an instant post-pay credit service with a simple UI/UX where consumers can make payments using just their email address and mobile phone number. Paidy aims to make a meaningful contribution to offer superior customer convenience on Amazon.
Paidy’s Founder and Executive Chairman, Russell Cummer said: “We are deeply honored to be working with Amazon to offer a new and unique consumer experience to Amazon customers. We see tremendous potential to work with Amazon and other partners on future innovations, continuing to improve consumer experiences and the payments landscape in Japan.”
Paidy offers an instant, monthly-consolidated payment account to consumers throughout Japan. In October 2014, Paidy started Japan’s first instant post-pay credit service for e-commerce consumers. With the goal of removing barriers and embracing simplicity, Paidy uses proprietary models and machine learning to underwrite transactions in seconds and guarantees payments to merchants. Paidy increases revenue for merchants by reducing the number of incomplete transactions, increasing conversion rates, boosting average order values, and facilitating repeat purchases from consumers.
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