{"id":457471,"date":"2021-03-15T08:04:12","date_gmt":"2021-03-15T12:04:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457471"},"modified":"2021-03-15T08:04:12","modified_gmt":"2021-03-15T12:04:12","slug":"clearpay-brings-flexible-payments-to-southern-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/","title":{"rendered":"Clearpay Brings Flexible Payments To Southern Europe"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <b>More than 300 Merchants Offer &#8220;Buy Now, Pay Later&#8221; across <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Italy<\/span> and France\u00a0 <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-location\">LONDON<\/span>, <span class=\"xn-chron\">March 15, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096538-1&amp;h=959800220&amp;u=http%3A%2F%2Fwww.afterpay.com%2F&amp;a=Afterpay\" rel=\"nofollow noopener noreferrer\">Afterpay<\/a><\/u> (ASX:APT), the leader in &#8220;Buy Now, Pay Later&#8221;\u00a0 payments, today launched its European service, Clearpay, to merchants across <span class=\"xn-location\">Spain<\/span> and <span class=\"xn-location\">France<\/span>. Italian merchants will begin offering Clearpay later this month. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1224083\/Clearpay_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1224083\/Clearpay_Logo.jpg\" title=\"(PRNewsfoto\/Clearpay)\" alt=\"(PRNewsfoto\/Clearpay)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Clearpay enters <span class=\"xn-location\">Southern Europe<\/span> with some of the best fashion, beauty and lifestyle brands and retailers in the market. Globally, more than 75,000 retailers offer Clearpay, or Afterpay as it is known outside of <span class=\"xn-location\">Europe<\/span>, to its more than 13 million active customers across the world. In the first half of fiscal 2021, Afterpay delivered <span class=\"xn-money\">$10.1 billion<\/span> in global underlying sales on a constant currency basis. <\/p>\n<p>Today, <span class=\"xn-location\">Southern Europe<\/span> has an addressable ecommerce market which exceeds \u20ac150b<sup><sup>1<\/sup><\/sup> across <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Italy<\/span> and <span class=\"xn-location\">France<\/span>. With large millennial populations, a strong fashion and beauty market, and significant consumer debit card usage, there is a strong opportunity to offer &#8220;Buy Now, Pay Later&#8221; (BNPL) services.\u00a0 By offering Clearpay in <span class=\"xn-location\">Europe<\/span>, the company is able to support existing global retail partners who would like to offer the service to their customers across Europe.\u00a0 <\/p>\n<p>&#8220;In the last year, global ecommerce grew faster than it had in the last ten years,&#8221; said <b>Nick <\/b><b>Molnar, Co-founder and Co-CEO of Clearpay<\/b>. &#8220;By introducing Clearpay, we are giving Europeans\u00a0a better way to access the things they want and need in their lives via a flexible payment service that allows shoppers to spend their own money and pay over time \u2013\u00a0instead of turning to expensive loans and credit cards which come with interest, fees and revolving debt.&#8221; <\/p>\n<p>With Clearpay, shoppers have the ability to receive products immediately and pay in four installments over a short period of time. The service is completely free for European customers<sup><sup>2<\/sup><\/sup> \u2013 helping consumers spend money responsibly, without incurring interest or revolving and extended debt.\u00a0 More than 90 percent of Clearpay global purchases are made with debit cards.\u00a0\u00a0<\/p>\n<p>Clearpay enters the <span class=\"xn-location\">Southern Europe<\/span> market after its recent acquisition of Pagantis, a Spanish-based payment company. Clearpay received regulatory approval from the Bank of <span class=\"xn-location\">Spain<\/span> to offer its products across <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">France<\/span>, <span class=\"xn-location\">Italy<\/span>, <span class=\"xn-location\">Portugal<\/span> and Germany.\u00a0 <\/p>\n<p>More information about this announcement can be found <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096538-1&amp;h=3140948900&amp;u=https%3A%2F%2Fcorporate.afterpay.com%2Finvestors%2Fasx-announcements&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a><\/u>. <\/p>\n<p>\n        <b>About Afterpay Limited <br \/><\/b>Afterpay Limited (ASX: APT) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free. The service is completely free for customers who pay on time\u00a0 &#8211; helping people spend responsibly without incurring interest, fees or extended debt. As of <span class=\"xn-chron\">December 31, 2020<\/span>, Afterpay is offered by nearly 75,000 of the world&#8217;s favourite retailers, and is used by more than 13 million active customers globally.\u00a0 <\/p>\n<p>\n        <u><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096538-1&amp;h=355405197&amp;u=https%3A%2F%2Fwww.afterpay.com%2Findex&amp;a=Afterpay\" rel=\"nofollow noopener noreferrer\">Afterpay<\/a><br \/>\n        <\/u> is currently available in <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">New Zealand<\/span>, <span class=\"xn-location\">the United States<\/span> and the\u00a0\u00a0 <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">France<\/span>, <span class=\"xn-location\">Italy<\/span> and <span class=\"xn-location\">Spain<\/span>, where it is known as Clearpay.\u00a0 Afterpay is on a mission to power an economy in which everyone wins. <\/p>\n<p>\n        <sup>1\u00a0<\/sup>Source: CNMC, Osservation.net, Handelsverband Deutschland <br \/><sup>2<\/sup>\u00a0Late fees may apply. Eligibility criteria apply. See clearpay<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3096538-1&amp;h=293886232&amp;u=http%3A%2F%2Fafterpay.com%2F&amp;a=.\" rel=\"nofollow noopener noreferrer\">.<\/a>com for full terms.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF09228&amp;sd=2021-03-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/clearpay-brings-flexible-payments-to-southern-europe-301247049.html\">http:\/\/www.prnewswire.com\/news-releases\/clearpay-brings-flexible-payments-to-southern-europe-301247049.html<\/a><\/p>\n<p>SOURCE  Clearpay<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF09228&amp;Transmission_Id=202103150800PR_NEWS_USPR_____SF09228&amp;DateId=20210315\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire More than 300 Merchants Offer &#8220;Buy Now, Pay Later&#8221; across Spain, Italy and France\u00a0 LONDON, March 15, 2021 \/PRNewswire\/ &#8212;\u00a0Afterpay (ASX:APT), the leader in &#8220;Buy Now, Pay Later&#8221;\u00a0 payments, today launched its European service, Clearpay, to merchants across Spain and France. Italian merchants will begin offering Clearpay later this month. Clearpay enters Southern Europe with some of the best fashion, beauty and lifestyle brands and retailers in the market. Globally, more than 75,000 retailers offer Clearpay, or Afterpay as it is known outside of Europe, to its more than 13 million active customers across the world. In the first half of fiscal 2021, Afterpay delivered $10.1 billion in global underlying sales on a constant currency basis. Today, Southern &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Clearpay Brings Flexible Payments To Southern Europe&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457471","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Clearpay Brings Flexible Payments To Southern Europe - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clearpay Brings Flexible Payments To Southern Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire More than 300 Merchants Offer &#8220;Buy Now, Pay Later&#8221; across Spain, Italy and France\u00a0 LONDON, March 15, 2021 \/PRNewswire\/ &#8212;\u00a0Afterpay (ASX:APT), the leader in &#8220;Buy Now, Pay Later&#8221;\u00a0 payments, today launched its European service, Clearpay, to merchants across Spain and France. Italian merchants will begin offering Clearpay later this month. Clearpay enters Southern Europe with some of the best fashion, beauty and lifestyle brands and retailers in the market. Globally, more than 75,000 retailers offer Clearpay, or Afterpay as it is known outside of Europe, to its more than 13 million active customers across the world. In the first half of fiscal 2021, Afterpay delivered $10.1 billion in global underlying sales on a constant currency basis. 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Italian merchants will begin offering Clearpay later this month. Clearpay enters Southern Europe with some of the best fashion, beauty and lifestyle brands and retailers in the market. Globally, more than 75,000 retailers offer Clearpay, or Afterpay as it is known outside of Europe, to its more than 13 million active customers across the world. In the first half of fiscal 2021, Afterpay delivered $10.1 billion in global underlying sales on a constant currency basis. Today, Southern &hellip; Continue reading \"Clearpay Brings Flexible Payments To Southern Europe\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T12:04:12+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1224083\/Clearpay_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Clearpay Brings Flexible Payments To Southern Europe","datePublished":"2021-03-15T12:04:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/"},"wordCount":519,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1224083\/Clearpay_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/clearpay-brings-flexible-payments-to-southern-europe\/","name":"Clearpay Brings Flexible Payments To Southern Europe - 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