Curve has introduced a new product which enables customers to make installments payments, and says it’s different from other BNPL offerings.
In Brief:
Curve Flex enables users to convert past payments into installment loans.
This uses Curve’s patented “go back in time” technology.
The solution can be used on most payments from most merchants made up to a year ago.
What does this mean?
Curve Flex – which launched quietly in the past few weeks and has now been announced on the same day as the launch of Monzo’s buy now pay later offering, also called Flex – offers a BNPL solution that is merchant and card agnostic, and also enables users to “pay later” on payments they’ve already made...
How? Past transactions can be refunded almost fully at the swipe of a button, through a loan from Curve, and then the user can repay them in installments across a number of months.
