Westpac will soon offer credit card customers the ability to pay for purchases in four instalments, providing greater control and flexibility.
In the coming months, Westpac credit card customers will be able to link their existing credit card to a new PartPay digital card, enabling them to split their purchases into an initial instalment, with a further three fortnightly instalments to follow.
Westpac Consumer and Business Banking Chief Executive, Chris de Bruin, said the new feature is about giving customers more control.
“We want to give our customers greater flexibility by providing different payment options to suit their changing circumstances. We know our customers want more choice when it comes to their finances and this new feature will put them in the driver’s seat.
“The payment landscape has changed and customers have told us they like the option of making payments in instalments. This new feature provides that flexibility in a fast and convenient way, via a digital card that can be downloaded in the Westpac app.
“PartPay complements Westpac’s existing offers for customers including our partnership with ShopBack to reward customers with bonus cashback when they make purchases using their Westpac debit and credit card,” Mr de Bruin said.
Customers with Westpac’s Low Rate, Lite, Low fee, Altitude Rewards Platinum and Altitude Rewards Black credit cards can opt into PartPay to make purchases with a digital PartPay card using their existing credit card limit.
As a credit card feature, PartPay will only be available to customers who have been previously approved for a credit card and PartPay will use the customer’s existing approved card limit.
