Clearpay, part of global payments innovator Afterpay Touch Group, is to launch an app allowing UK consumers to use its buy-now-pay-later service on their mobile phones.
The move follows a nationwide study for Clearpay by YouGov, showing that UK Millennials want more innovation in retail and financial services.
Available from the App Store shortly, the Clearpay app will allow people to browse for products in its online store directory, track orders and manage their accounts.
It will also offer a new facility allowing customers to settle outstanding balances early if they wish. The global business already has an app in the US, now widely used for online purchases.
In its newly-published report for Clearpay, “UK Millennials, Shopping and Money”, YouGov reveals profound generational differences in how people like to pay, and notes that young people aged 18-35 are principally interested in new services they can use on mobile phones.