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Helping Ontario cannabis retailers meet customer demand with BNPL

(Globe Newswire) Toronto — Merrco Payments Inc., the leader in cannabis payments, and Gratify Payments Inc., the BNPL platform for payment companies, launches buy now pay later for Ontario cannabis retailers — a Canadian first.

Gratify is a buy now pay later platform that offers a new way for retailers to meet consumer demand through payment plans. BNPL from Gratify helps cannabis retailers sell accessories and other high-ticket items, and helps consumers use the payment method that best suits them.

“Buy now pay later has been an exciting addition to how Canadians want to pay. Today, we’re pioneering cannabis payments yet again and supporting cannabis retailers with new payment options just in time for the holiday season.” — Fern Glowinsky, president and CEO, Merrco

Features and benefits of buy now pay later from Gratify include:

• Help cannabis retailers offer more payment options to their customers
• Match the same range of payment experiences available in retail
• Keep up with consumer demand for payment method choice at the check out

“The cannabis retail industry is maturing, and consumers expect the same payment experience they get elsewhere. We’re proud to help cannabis retailers in Ontario be first in Canada to accept buy now pay later.” — Ryan Brough, CEO of Gratif

Gratify BNPL will be available starting December 12, 2022, for cannabis retailers served by Merrco in Ontario.