The group is embarking on a financial services push that will see them deploy technology developed by Tymit for online payments.
The retail group intends to lend customers up to £2,000 under its new ‘Frasers Plus’ brand, rolled out by new chief Michael Murray. The plan will allow shoppers to buy products through its own buy-now, pay-later scheme.
Under the new financial offer, shoppers will have the option to split and defer payments or take a loan through the group app that can be spent across its retail portfolio which includes Sports Direct, House of Fraser, Jack Wills and more.
Customers will then be rewarded with points when shopping through the new financial offerings with the retail giant intending to replicate Tesco’s exceptionally popular Clubcard loyalty programme.
