OpenPay’s (ASX:OPY) product OpyPay goes live in the US

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OpenPay’s (ASX:OPY) product OpyPay goes live in the US

ASX, OPY, Now live in the US
Image source: David Peterson, Pexels

Highlights

  • OpenPay’s consumer solution, OpyPay is now live and transacting in the US healthcare market.
  • Opypay has been tailored as per the requirements of the US market with a regulatory solution, US-localised solution, customised risk model, and marquee funding.
  • The distribution is controlled and has commenced in the healthcare sector.

Buy now, pay later firm Openpay Group Ltd (ASX:OPY) announced that its consumer solution - OpyPay is now transacting and is live in the US healthcare market.

Opypay has been tailored as per the requirements of the US market with a regulatory solution, US-localised solution, customised risk model, and marquee funding. The distribution is controlled and has commenced in the healthcare sector.

OpyPay is a ‘buy now pay later’ solution company that offers first of its kind solution in the US market. The solutions offered by Opypay enable merchants in increasing revenue, provide smarter payment and better budgeting solutions. Flat fee products of Opy have predictable payments and are designed for big-ticket retails, home improvement, education, auto repair, dental, veterinary and healthcare sectors.

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The demand for the instalments is increasing rapidly in the US market and it is expected that the value will exceed US$100B by 2021.

The data released by AWS study and PYMNTS.com indicate the immense growth opportunity in the US market as they shred the facts that, 111 million consumers in the US would make a high-value purchase through BHPL service instead of credit cards or loans.

ezyVET is a leading management platform in the US is making OpyPay available to its 1200 US clinics and veterinary hospitals, effective immediately. The distribution is first rolled out in Ohio, Virginia, Michigan and California locations. The revenue is generated in the veterinary market via reconstructive surgery, CT Scans and MRIs.

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Bottom Line

Openpay Group Ltd is now transacting in the US market and the announcement highlights the vast opportunities that are open for companies in that particular arena. 

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