Mastercard and ZOOD partner to launch the first virtual Buy Now Pay Later Card in Uzbekistan [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
East and Central Asia, have introduced a virtual BNPL card – ZOOD Card – in Uzbekistan. Being the first of its kind in the market, the ZOOD Card will enable consumers to convert their purchases into convenient installment plans for in-store, and local and global online shopping outlets. According to KPMG, by the end of 2027, the market share of POS financing and BNPL in Uzbekistan's e-commerce sector is projected to reach 22% in the higher-end segment. Offering flexible financing options, the virtual installment card will provide consumers with the flexibility to make purchases of up to 20 million Uzbek SOMs, by splitting their payments into 3, 6 or 12 installments. Moreover, the card is completely free to obtain. "Consumers today demand more flexibility and choice while transacting securely. By combining ZOOD's innovative approach with Mastercard's global network and technology, we are not only expanding access to convenient financing options but also driving digital inclusion
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