Westpac NZ teams with BNPL player : vimarsana.com

Westpac NZ teams with BNPL player


Mortgage Business
Westpac NZ teams with BNPL player
By Sarah Simpkins
16 July 2021
A Westpac New Zealand subsidiary has entered a joint venture agreement with buy now, pay later provider humm group.
Westpac NZ’s venture capital firm Red Bird Ventures has entered the agreement to roll out humm’s product bundll to the New Zealand consumer finance market.
The arrangement will allow Red Bird the option to take an equity stake in bundll New Zealand.
The new partnership is the first contract under humm group’s global agreement with Mastercard, allowing the bundll product to be offered across the Mastercard network.

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