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Mastercard taps into buy-now, pay-later trend with acquisition of Vyze

Mastercard Inc. is wading into the buy-now, pay-later movement as consumers adopt a more nuanced view of credit purchases.

The company announced Tuesday that it has acquired Vyze, a business that lets merchants offer financing options from various lenders both online and at the point of sale. Terms of the deal weren’t disclosed.

While Vyze isn’t a lender, it connects merchants with various lending options. Blake Rosenthal, Mastercard’s MA, +0.13% vice president of global acceptance, told MarketWatch that the platform is attractive to merchants because it lets them add multiple lenders with a single integration and is attractive to consumers because the various options for installment purchases increase the probability that they are approved for financing.

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