Business Daily Media

Payright strengthens team, primes for growth

  • Written by Six O'Clock Advisory

Payright has backed its growth aspirations in the trans-Tasman buy now pay later (BNPL) market increasing company’s workforce by almost 70 percent since July.


As a specialist in higher value transactions, from $1000 and up to $20,000 for considered purchases such as lifestyle and home improvement products and services – Payright operates in a space otherwise underserviced by other buy now pay later (BNPL) providers.


The company has attracted 28 experienced professionals across sales, technology, operations, compliance and legal in the past three months.


The hiring drive also includes senior appointments, with former Bendon Group CEO, Paul Cherny joining as an advisor on corporate strategy, and Barry Stott becoming the first New Zealand-based employee in the role of National Sales Manager.


Payright co-CEO, Myles Redward said the team’s collective experience will be invaluable as the company assumes a distinct place within the BNPL sector.


“With a growing number of consumers adopting buy now pay later as a payment option for higher price-point purchases – in the same way that the market has embraced BNPL for smaller, impulse-based items – we expect to see continued business growth despite challenging market conditions.”


Since establishing in 2016, around 50,000 customers have purchased goods and services from more than 2500 merchants across a wide range of sectors including home improvement, health and beauty, retail, education and photography.


Payright co-CEO, Piers Redward, said the company knows customers expect to walk into a store or shop online and have access to BNPL as a payment option – and the team’s caliber and deep experience enables the company to innovate and deliver value for merchants and consumers.


“We’re seeing strong demand for BNPL in Australia, with 8% of people using it as a payment method, up from 3% one year ago. And, with a forecast to reach 17% of the market by 2023, it suggests a significant growth opportunity is still to come.”[1]

[1] WorldPay FIS 2020 Global Payments Report


Business Reports

How Australians are missing out on retirement returns

Australians are missing out on potential returns by not regularly salary sacrificing, according to new research by Finder, Australia’s most visited comparison site. A new Finder survey of 722 people with super revealed only...

6 Ways to Improve Customer Experience

When it comes to a great customer experience, how you treat your customers, the quality of your products or services, and the overall customer journey are all important aspects. Here are six ways you can improve your business...

Investment by Jucy Set to Reduce Australia’s Rental Vehicle Shortage

Multi-Million Dollar Investment A multi-million dollar investment in Australia’s international tourism infrastructure is expected to ease a critical shortage of rental vehicles. Jucy, one of Australasia’s largest vehic...

The climate bill could short-circuit EV tax credits, making qualifying for them nearly impossible

Today's EVs rely heavily on China and other countries for materials.Shen Chunchen/VCG via Getty ImagesThe U.S. Senate passed a far-reaching climate, energy and health care bill on Aug. 7, 2022, that invests an unprecedented US$370...

Solve HR growing pains with these simple steps

In today’s ever-changing climate, businesses must be geared up and able to embrace change. This means being equipped with the right technology to ensure readiness for the challenges that lie ahead.  During the pandemic, many...

Leading AI mining tech company Plotlogic welcomes climate change legislation

A global leader in mining process optimisation, Plotlogic, has welcomed the news that the Australian Government’s carbon emissions bill will pass through Parliament.  Following The Greens announcement that the party would...

Web Busters - Break into local search