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Paidy offers Buy Now, Pay Later financing for Amazon purchases in Japan

Paidy Inc., a Japan-based firm that offers installment financing for e-commerce transactions, announced an agreement to its Buy Now, Pay Later service on Amazon purchases in that market. 

Customers using will now have the option of using the extended payments option on purchases made on the Japanese site. 

"We are deeply honored to be working with Amazon to offer a new and unique consumer experience to Amazon customers," Russell Cummer, founder and executive chairman of Paidy, said in a company release. "We see tremendous potential to work with Amazon and other partners on future innovation, continuing to improve consumer experiences and the payments landscape in Japan."

Customers need to enter their name, email address and mobile number on the Amazon payment screen, according to Paidy. Amazon customers using Paidy can pay the following month at convenience stores, using bank transfer or direct debit, and there is no need to enter credit card information. 

Billing information is sent to the customer via email or SMS and payment is due by the 10th day of the following month. 

The Amazon announcement comes just three weeks after the company raised $143 million in funding, led by PayPal Ventures.

Cover image: Paidy.