High street retailer Marks & Spencer is to offer customers a buy now, pay later option on online purchases over £30 in the run-up to the busy festive season.
Clearpay, the UK arm of Australian Afterpay Touch Group – not to confuse with AusPress – will provide M&S customers with the ability to spread the cost of purchases amounting over six weeks, interest-free.
Kirsty Ward, director of M&S Bank and Services, says M&S is “committed to providing our customers with seamless, easy and convenient ways to pay, and that’s why we’ve introduced this fully-integrated and interest-free option to help spread the cost of shopping on M&S.com”.
Last year Steve Rowe, Marks & Spencer chief executive, outlined extensive plans for change within the company after a lengthy run of falling sales.
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