Openpay motors into auto and health loans
BUY NOW, pay later lender Openpay is set to expand into the car services and healthcare markets, UK managing director Andy Harding says.
The Australian group will launch the new products over the next few months.they will enable people to pay for their cars to be repaired or serviced, as well as the excess on health insurance claims and costs that go above policy limits.they will have longer repayment times than the standard BNPL loans people take out to fund purchases, which last up to six months.
Openpay entered the UK market in late 2019 and now has more than 210,000 regular customers and is receiving payments on more than half a million active loans. It differs from other BNPL lenders by taking a downpayment off borrowers when they buy.
VIDEO conferencing service Zoom is set to announce its best ever annual results tomorrow, thanks to the coronavirus pandemic.
According to the consensus forecast from Wall Street analysts, Zoom will announce a pre-tax profit of $582.2 million (£417million) for 2020.That compares to £18.9million the previous year. Revenues are thought to have quadrupled to £1.9billion.
Zoom launched its video conferencecalling service in 2013. Last year transformed its fortunes. Governments, companies, schools, friends and even the Royal Family have used Zoom in the pandemic.