LatitudePay announces partnership with major online retailer Catch Group
1 October 2019
Latitude Financial has announced a new partnership that will enable Catch Group’s 1.5 million shoppers to use digital payments platform LatitudePay to pay for their purchases over 10 weekly instalments.
Catch Group is the latest major retailer to join LatitudePay since it launched just a month ago, with many other merchant partners to be unveiled or to go live on the platform in coming weeks.
Latitude Financial’s Managing Director and CEO Ahmed Fahour said LatitudePay was delighted to partner with the innovative Catch Group, which had emerged through the online shopping boom to become one of Australia’s leading retailers.
“Catch Group is an incredibly successful and entrepreneurial online retailer. It has about 1.5 million active customers, and at any time almost 1.9 million different products for sale on its site at great prices. No wonder Australians love shopping at Catch and, now with LatitudePay, we are making it even easier to shop online at Catch.com.au,” he said.
“We are delighted with the response from merchants to the launch of LatitudePay, which offers their customers more flexibility with payments and cuts merchant fees to zero for purchases under $250 until January 2021.”
Catch Group CEO Nati Harpaz said: "We’re excited to be partnering with LatitudePay to provide our customers with more choice and value when it comes to choosing how they pay. LatitudePay allows our savvy Catch.com.au shoppers to spread payment over ten weeks and responds to the growing demand we’ve seen for buy now pay later services. LatitudePay is a great partner for Catch.com.au as we are both aligned to help make online shopping easier and more convenient for shoppers."
Catch will go live on LatitudePay this month on Catch.com.au, ahead of the big online shopping events that lead into the busy Holiday period, like Black Friday and Cyber Monday.
Creating a LatitudePay account at www.latitudepay.com, or at the online checkout of partner retailers, takes just 90 seconds and customers can get instant approval for spending amounts of between $150 and $1000.
Once signed-up, Australians can shop on their mobiles or in store using LatitudePay and pay for purchases over 10 weekly instalments, with no interest.
Every consumer undergoes a credit and ID check as part of Latitude’s ongoing commitment to acting responsibly.
LatitudePay extends Latitude's highly successful payments and instalments platform, which for more than 30 years has helped customers pay for larger purchases with interest free instalments.
Shoppers using LatitudePay face no fees or charges when they pay on time. A late fee of $10 is charged for missed payments, capped at $10 for balances less than $50, or $50 for larger balances.
Latitude Financial is a leading digital payments, instalments and lending business with 2.6 million customer accounts across Australia and New Zealand. The Catch Group joins Latitude Financial’s network of more than 1,950 merchant partners that operate more than 9,000 online and physical outlets.
For more information visit: www.latitudepay.com
About Catch Group
Founded in 2006, the Catch Group is a leading Australian e-commerce group that owns and operates brands such as Catch.com.au, Catch.co.nz, and Catch Essentials. The Group has built its reputation as a destination to shop the best brands and everyday essentials at unbelievable prices. For more information visit Catch.com.au.
Media contact
Mark Gardy
Mark.Gardy@latitudefinancial.com
+61 412 376 817