- Huw Hughes
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Marks & Spencer has announced it will be launching an online instalment
payment option for UK customers from mid-November.
The British retailer teamed up with Clearpay, part of the Afterpay Touch
Group, for the service that will allow payments for purchases to be spread
interest-free over six weeks. The option can be used for items at a minimum
price of 30 pounds across the retailer’s clothing and home range.
The move is part of a wider plan by the British retailer to become “more
relevant” against a backdrop of increasingly digital-savvy and online
competition, as it moves forward with its target to have one-third of its
clothing and home UK sales online by 2022.
Kirsty Ward, director of Marks & Spencer Bank and Services said in a
statement: “We’re committed to providing our customers with seamless, easy
and convenient ways to pay, and that’s why we’ve introduced this fully
integrated and interest-free option to help spread the cost of shopping on
M&S.com. The Clearpay solution complements our existing Marks & Spencer Credit and
Debit Cards offered through Marks & Spencer Bank.”
Carl Scheible, Clearpay UK CEO, added: “We are thrilled to launch with
Marks & Spencer especially as we head into the busy Christmas shopping and
trading season. We’re looking forward to being part of their development as
they continue their transformation for customers.”
Photo credit: Pixabay
