Ally Lending and Vyze will bring more options for retailers and consumers
Ally Lending has announced the partnership with Vyze, Mastercard’s alternative financing platform for retailers.
Ally Lending will function as the first installment loan lender on the Vyze platform. That would give thousands of retail merchants access to a financially stable lender for higher-ticket sale options.
On the Vyze platform, the company will offer a comprehensive installment lending solution with a range of consumer payment options.
Ally Lending brings a fully digital application process to Vyze for purchases up to $40,000.This comes with monthly fixed-rate installment loans extending from 6 to 60 months and flexible promotional offerings.
We’ve reported that Mastercard has partnered AptPay, a fintech solutions provider, to integrate Mastercard Send into the AptPay platform.