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05/03/2022

Rite Aid, Afterpay partner on flexible payment solutions for online shoppers

Rite Aid customers who shop online will be able to pay for their purchases by using Afterpay to make four installments at no additional cost when paid on time.

Rite Aid and Afterpay are working together to provide flexible payment solutions to the retailer’s shoppers.

The companies announced that their partnership will offer Rite Aid’s online shoppers with a new way to pay for their everyday essentials — in four installments at no additional cost when paid on time.

“Our relationship with Rite Aid, and expansion into drug store e-commerce, comes at a time of increased shopper demand to pay over time. Approximately 39% of consumers have indicated using BNPL more due to the pandemic and inflation,” said Zahir Khoja, general manager of global platforms and partnerships at Afterpay. “By expanding our platform and services to new everyday spend retailers, we can continue to help consumers unlock access to daily necessities while managing their budgets.”

[Read More: Rite Aid launches revamped customer loyalty program]

Currently, Rite Aid will offer Afterpay on purchases made online at RiteAid.com, with plans to roll out the flexible payment option in stores nationwide in the coming months.

“As a trusted destination for the healthcare needs of our communities, we are committed to providing our customers with offerings that make it easier for them to obtain the products they need to support their whole health,” said Justin Mennen, chief digital and technology officer at Rite Aid. “Our new partnership with Afterpay is another way we are leveraging technology to improve the customer experience and the overall health and wellness of our communities.”

Customers can apply Afterpay to any purchase made online, with the exception of prescription drugs or products that provide a health provider prescription.

[Read More: Rite Aid confirms rejection of off-market proposal from Spear Point Capital Management]

News of this partnership comes after Afterpay shared in 2021 that it made its service available to select app customers, including Amazon, Walgreens, CVS Pharmacy, Kroger, Target and Sephora among others.

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