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Payright commenced operations in 2016 shortly after being established by brothers Myles and Piers Redward. The Company specialises in providing merchants in Australia and New Zealand with both in-store and online buy now pay later (BNPL) solutions for the benefit of their customers, with a focus towards higher-value and more considered purchase items as opposed to lower value and more impulse-driven transactions generally associated with other parts of the BNPL sector.
Payright's target market is customers who wish to make more considered purchases, specialising in transactions between $1,000 and $20,000 (with an average transaction value of approximately $3,000), rather than smaller impulse-driven buys, which Payright believes represents a key point-of-difference in a rapidly growing sector. Larger transaction sizes lend themselves to a diversified merchant mix. Payright offers varied and flexible customer repayment terms.
Since commencement of operations, Payright has formed relationships with approximately 2,400 merchants and over 30,000 customers. As of 30 June 2020, Payright had over $47 million of Gross Receivables.
It is anticipated that PYR will list on the ASX on 23 December 2020.
www.payright.com.au
Payright's target market is customers who wish to make more considered purchases, specialising in transactions between $1,000 and $20,000 (with an average transaction value of approximately $3,000), rather than smaller impulse-driven buys, which Payright believes represents a key point-of-difference in a rapidly growing sector. Larger transaction sizes lend themselves to a diversified merchant mix. Payright offers varied and flexible customer repayment terms.
Since commencement of operations, Payright has formed relationships with approximately 2,400 merchants and over 30,000 customers. As of 30 June 2020, Payright had over $47 million of Gross Receivables.
It is anticipated that PYR will list on the ASX on 23 December 2020.
Payright
Turn one big payment into easy bite-size instalments. Zero-interest payment plans for purchases up to $20,000
www.payright.com.au
