Visa is working with Australian Bank ANZ to develop an installment payment offering.
In Brief:
The bank’s credit card customers will be able to set up installment payments.
They are working with local merchant Quest.
Qualified shoppers will be able to use their ANZ Visa credit cards to select a repayment term.
What does this mean?
Visa has recently found in a survey that 90% of people showed a “high likelihood” of using installment options from their issuing bank, so is helping ANZ to offer this to its customers.
