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HomeFinTechLaybuy: Launches digital BNPL card

Laybuy: Launches digital BNPL card

  • There’s a new buy now, pay later (BNPL) contender in town after Laybuy (LBY) launched its Mastercard offering
  • The fintech‘s new digital card allows Australian customers to check out in-store using just their mobile phone
  • Managing Director Gary Rohloff sung the card’s praises today, claiming it comes without the customer, interest, or monthly fees
  • The new Flexi payment offering was born from payment giant Mastercard’s accelerator program, known as Fintech Express
  • At one point, following today’s announcement, Laybuy shares jumped to trade for $1.56 each
  • Since then, they’ve settled to trade a slight 0.7 percent up, worth $1.44
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