Opy launches vertical offering of automotive services and repairs Opy Financement in four groups of dealers, on several brands

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SAN DIEGO, March 22, 2022 /PRNewswire/ — Opy United States Inc (Opy), a leading payments fintech has announced its launch in the US automotive sector, offering its flagship OpyPay product to many major franchise car dealerships including Nissan, Volkswagen and Honda. Opy’s Select Dealer Council (SDC) includes groups introducing OpyPay to locations across the United States

(PRNewsfoto/Openpay)

Stepping into the vertical shadows of automotive obscures Opy’s tremendous growth within meaningful, life-changing industries.

“After 9 years in other counties, 90 days ago we launched our first BNPL 2.0 loans in United States, initially in Health. Since then we have had extensive discussions with many car dealerships across United States to refine our plans to meet the unique needs and preferences of the U.S. automotive industry,” said Brian ShnidermanOpy CEO United States & Global Chief Strategy Officer of Australian parent company Openpay. “Auto dealers have appreciated OPY’s value proposition and have embraced our flagship, low-cost, fixed-fee integrated financing platform.”

“OpyPay is an attractive payment option for auto owners who need larger repairs at their car dealerships, and those who want the peace of mind that comes with a low-cost, fixed-fee product. OpyPay n There are no deferred interest traps or excessive late fees that consumers and auto dealers want to avoid,” Shniderman continued.

Research showed that the automotive repair and maintenance industry is worth $82.6 billion a year and that consumers spend more than $2,000 on car repairs every year. Revenue should to get up at least ten percent by 2025.

“The auto repair and service industry is an industry poised to provide people with a smart option to manage the costs of an unexpected or costly repair,” said Glenn Drake, SVP and Head of the Automotive vertical. “Our package, the loans amount to up to $20,000, and the ability to spread payments out for up to 24 months can allow car owners to spread out the shock of a costly repair. We are excited to partner with these great dealer groups to show the value of OpyPay to auto owners and dealerships.”

Entering the automotive vertical market overshadows Opy’s significant growth in meaningful and life-changing sectors such as healthcare, including veterinary and dental services, as well as repair and maintenance. automotive maintenance. Opy recently announced a US relationship with American Express as well as a multi-million dollar warehouse with Goldman Sachs and Atalaya Capital Management.

For more information about Opy and its wide range of innovative products, visit www.opy.com.

About Opy:
Openpay Group Ltd (ASX: OPY) is a leading payments fintech, providing smart, user-friendly solutions to pay and get paid. Openpay offers an omnichannel financing solution that goes beyond the traditional Buy Now, Pay Later in the form of their next-generation product “BPL 2.0”. BNPL 2.0 provides the gateway to transact, up to $20,000 with repayment terms of up to 24 months, in BNPL’s underserved verticals including automotive, healthcare, home improvement, subscriptions, education and retail. Openpay has refined its innovative products for consumers and merchants, offering transparent terms with fast credit decisions and customizable payment plans for consumers, as well as a B2B payments offering that makes it easier to manage end-to-end business accounts. at the end. Openpay operates in Australia and in United States (operating as Opy) and serves New Zealand and the UK. For more information, please visit www.opy.com.

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