Genoapay announces 26 new partnerships
3 October 2019
Genoapay announces 26 new partnerships
enabling New Zealand customers to make purchases over 10
payments
Latitude Financial today announced that it is partnering with 26 new merchants to offer Genoapay, Latitude’s digital payments platform in New Zealand which enables customers to make purchases over 10 weekly payments with no interest.
The new partners include New Zealand’s leading toy distributor Toys.co.nz and major retailers Big Save Furniture, Shoe Connection and catch.co.nz. Customers will be able to use Genoapay to make purchases online or in-store at any of the 26 new partners’ physical outlets across New Zealand.
Developed in New
Zealand, Genoapay has enjoyed rapid growth since it launched
in August 2016 and was acquired by Latitude in December
2018. It successfully launched in Australia last month as
LatitudePay.
Genoapay helps customers pay for purchases
over 10 weekly payments with no interest or account fees.
More than 3,000 New Zealanders are signing up to Genoapay
every week to shop at over 2,700 businesses, including some
of the biggest brands in New Zealand such as Harvey
Norman.
Genoapay founder and Latitude General Manager Buy
Now Pay Later Shaun Quincey said that the popularity of
payments solutions like Genoapay among consumers is showing
no sign of slowing down.
“It’s not just a win for the
consumer – we’ve seen some New Zealand merchants
experience 40 per cent growth since adopting Genoapay, from
small beauty salons right through to nationwide retailers
like Harvey Norman”.
Latitude MD and CEO Ahmed Fahour
said the new partnerships meant Genoapay now reached tens of
thousands more customers in New Zealand across a wide range
of retail segments.
“We are thrilled with the momentum that Genoapay is gaining with merchants and their customers, who are attracted to the flexibility of paying for their purchases over 10 equal payments, with no interest,” he said.
“For many of our partners, Genoapay is a natural extension of what we already provide with interest-free instalment options for larger purchases over $1000. Genoapay offers merchants some of the lowest merchant fees in the market, as part of our commitment to helping them grow their businesses.”
Creating a
Genoapay account at www.genoapay.com, or through the online
stores of partners, takes just 90 seconds and customers can
get instant approval for spending amounts of between $150
and $1000.
Once signed-up, New Zealanders can shop on
their mobiles or in-store using Genoapay and pay for
purchases over 10 weekly payments, with no
interest.
Every consumer undergoes a credit and ID check
as part of Latitude’s ongoing commitment to acting
responsibly.
Genoapay extends Latitude's highly
successful payments and instalments platform, which for more
than 30 years has helped customers pay for larger purchases
with interest free instalments.
Shoppers using
Genoapay face no fees or charges when they pay on time. A
late fee of $10 is charged for missed payments, capped at
$10 for balances less than $50, or $50 for larger
balances.
Latitude Financial is a leading digital
payments, instalments and lending business with 2.6 million
customer accounts and over 1,950 merchant partners that
operate more than 9,000 online and physical outlets across
New Zealand and Australia.
The new Genoapay partners include:
• Big Save Ltd
• Catch.co.nz
• Toys.co.nz
• Shoe Co Limited
• YOLO Beautique
• Bedpost
Dunedin
• Turangi Computer and Mobile
Repairs
• Yumyumkids Ltd
• APAC Health & Medical NZ LTD
• Te Kauwhata Dental LTD
• Hibiscus
Coast Panel Beaters
• Evolution Hairdressers
• Into Blinds
• The Guest Room
• About
Body
• The Little Red Fox Ltd
• Just Laptops Ltd
• Emma's at Oxford
• La Belle Vous Beauty Therapy
• LW
Creative
• Barefoot Beauty
• Kalon Beauty & Spa
• Polly's Patchwork
• Total Image Beauty Therapy
Clinic
• AR Dental Limited
• Piwari Collections
ENDS