As buy now, pay later businesses gain traction, banks are looking to offer this option – and Virgin Money is no exception.
In Brief:
Virgin Money will develop a digital wallet with Global Payments.
CEO David Duffy announced the move in a recent trading update.
The digital wallet will offer the opportunity to pay in installments.
What does this mean?
Virgin Money has been developing a partnership-heavy, digital led approach for some time now and offering a buy now, pay later service through a digital wallet is the next step for this.
