National Australia Bank to Launch NAB Now Pay Later

National Australia Bank to Launch NAB Now Pay Later
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National Australia Bank (NAB) is a premier bank of Australia and protects its consumers and employees with strong operational and financial solutions. It creates a streamlined, and seamless digital banking system that works at a faster pace. Being the largest business bank of Australia, we engage with small to large businesses and support them at each stage of their business journey for banking processes.

As NAB is launching its new Buy Now Pay Later (BNPL) service, it’s inviting its consumers in advance to register for the forthcoming launch entitled ‘NAB Now Pay Later

NAB will allow its consumers to access up to $1,000, split purchases and payment can be done in four instalments with this scheme. Consumers can also add NAB Now Pay Later in person and online payments.

National Australia Bank charges no interest, no late fees and no-account fees like other pay-in-four products providers do.

Rachel Slade, Group Executive Personal Banking, NAB, stated, “Hundreds of thousands of NAB customers are using instalment payment services so we’ve created NAB Now Pay Later to make this option simple and digital for them. It’s also safer than the alternatives as these are already our customers. We know their banking and credit history and we’re assessing them based on our existing banking relationship. In the time it takes for a customer to go from the fitting room to the register, we’ve assessed their application, undertaken a credit check and opened an account with a virtual card so they’re ready to purchase. We’re able to do this quickly because of the combination of technology and knowing our customers.”

NAB Now Pay Later will be launched in July this year and is mobile-driven accompanying a wide array of new technology comprising safety and security and credit decisions offerings.

Read: Prove Identity is Now a Part of VISA Ready for BNPL Program

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