Amex is diving into the buy-now pay-later market as consumers demand flexibility

Amex is diving into the buy-now pay-later market as consumers demand flexibility

American Express has launched a new offering for UK customers to pay off large credit card purchases in monthly instalments as it looks to capture further market share from the likes of Klarna. The “Plan It” product will allow Amex’s British cardholders to pay off transactions across three, six or 12 months for a fixed monthly fee. Customers will not be charged any interest on balances in their instalment plans and can keep earning rewards on th…