With Laybuy and Mastercard's new partnership, Laybuy customers can now use their account at any in-store retailer that accepts Mastercard's contactless payments.

Laybuy will utilise Mastercard's technology to issue digital debit cards, which means, customers and merchants will now enjoy a more efficient in-store experience including seamless transactions.

Rich Wormald, Division President, Australasia, Mastercard said, "Laybuy is a great example of a high growth fintech platform that is meeting an unmet need in the market by offering consumers a more flexible, interest-free alternative payment option."

Gary Rohloff, Co-Founder and MD of Laybuy added, "the partnership between Laybuy and Mastercard will help support Laybuy's growth globally and is also great for our merchants."