Laybuy has been providing shoppers in New Zealand with an easy interest-free payment option when shopping at retail stores since 2017. Laybuy has now partnered with Australia’s largest global retail giant, Cotton On Group.
This partnership will allow customers from Australia, New Zealand and United Kingdom stores the flexibility when shopping with Cotton On Group.
“Our partnership with Cotton On provides consumers with a really easy option to buy the clothing or stationery they need, when they need it, and allows them to make interest-free repayments through regular instalments over six weeks,” says Gary Rohloff, Laybuy’s Co-founder and Managing Director.
“Our experience tells us that offering Laybuy as a payment option helps retailers increase sales, lifts average basket sizes and helps them gain new customers. Our retail partners have seen their order values rise by over 60 percent, and new customer acquisition increase by up to 70 percent.”
By now pay later services are proving to be popular in both Australiasia and the UK. It is becoming a standard payment method for many customers.
“By now pay later provides real value to our customers because it allows them to shop and receive the goods straight away but spreads the cost by allowing them to make regular interest-free payments. Our customers are embracing this option, which is why we are excited to be partnering with Laybuy,” said Brendan Sweeney, Cotton On eCommerce General manager.