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The New Physical Acima LeasePay Card™ Will Unlock Access to Millions of Retailers for the Unbanked

Jan 24, 2022

customer clicking on keypad while shopping

In April 2021, Acima unveiled its virtual LTO payment card, the Acima LeasePay Card™, powered by Mastercard. Now, Acima is revolutionizing the LTO industry by launching the physical version that consumers can use while shopping both online and at their favorite retailers’ brick-and-mortar locations.

The new physical Acima LeasePay Card™ will unlock a new level of shopping power for those who want an alternative to credit. In addition to being able to use it in stores, the card provides consumers access to the entire Acima suite of planned digital solutions including its mobile app, marketplace, and browser extension.

A huge untapped segment for retailers, unbanked and underbanked consumers will be able to utilize the physical Acima LeasePay Card™ to lease eligible items at any merchant that accepts MasterCard in the United States - bridging the divide between the underserved customer base and merchants like never before.

A significant step toward financial inclusion, the Acima LeasePay Card™ combines the innovation of Acima with the trusted processing network of Mastercard, providing the unbanked and underbanked consumers:

●      More choices for accessing their approved lease amount with any merchant that accepts Mastercard

●      Easier and trusted ways to complete any lease-to-own transaction

●      Flexibility to shop both virtually and in stores

The new physical card, currently being tested in select locations by invitation only, is on track to be the first-ever completely untethered lease-to-own payment card.

Consumers can pre-register for the industry’s first lease-to-own anywhere payment card here.