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Westpac NZ teams up with hummgroup to offer bundll


Date Time
Westpac NZ teams up with hummgroup to offer bundll
humm group limited (ASX: HUM) (“hummgroup”) has entered into a joint venture agreement with Red Bird Ventures Limited (“Red Bird”), a subsidiary of Westpac NZ, to bring buy-now-pay-later product bundll to the New Zealand consumer finance market. The arrangement will see Red Bird have the option to take an equity stake in bundll New Zealand.
The new partnership is the first contract under hummgroup’s strategic global agreement with Mastercard and will see bundll available to all New Zealanders, with preferential benefits offered to Westpac NZ customers.
Hummgroup’s Auckland-based Deputy Group Chief Executive Officer Chris Lamers said: ....

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Buy now pay later provider aims to take bite out of $30b business credit market


Buy now pay later provider aims to take bite out of $30b business credit market
10 Mar, 2021 04:00 PM
3 minutes to read
The rise in buy-now, pay-later use has already taken a bite out of the consumer credit card market and now one provider is aiming to take on the $30 billion business credit market.
Humm, which
was previously called FlexiGroup, has launched a buy-now, pay-later service for small and medium-sized companies allowing them to access up to $30,000 with no interest for up to six months.
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Chris Lamers, Humm s deputy group chief executive who is Auckland-based, said just like consumers, businesses were looking for more flexible cashflow options. ....

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