February 23, 2024

Amazon announces partnership with Citi to allow Citi cardholders to use Citi Flex Pay Pay with Amazon.

Users can choose to split payments into three equal monthly installments of $50 or more, six-month installments of $149 or more, or 12-month installments of $299 or more, with promotional financing currently at 0% APR .

The program is a great opportunity for Citi and Amazon to capitalize on the growing buy-now-pay-later (BNPL) market among its massive audience. Merchants who already use Amazon Pay will be able to use the service at no additional cost, which presents a great opportunity for them to attract customers who use BNPL without the high transaction fees associated with traditional BNPL providers.

“Customers want flexible payment options and merchants want to provide that flexibility but don’t always have the resources to do so. Introducing Citi Flex Pay on top of Amazon Pay is a win-win for both customers and merchants – customers have A new, convenient way to pay for their purchases, merchants can seamlessly offer new and existing customers more choice, affordability and flexibility in how they pay,” said Omar Soudodi, Director, Amazon Pay.

Sergio Zanatti, head of U.S. unsecured lending at Citi, also added:

“At Citi, we’re passionate about providing our clients with best-in-class payment options so they can pay the way they choose. We’re excited to continue expanding our Flex Pay to Amazon Pay, bringing more retailers and shoppers Integrating directly into their checkout provides flexibility.”

This will be the first time that Citi cardmembers will be able to use Citi FlexiPay through their digital wallet.