NewDay BondCo plc
8 March 2022
NEWDAY BONDCO PLC
(the “Company”)
UK CO-BRANDED CREDIT CARD PARTNERSHIP WITH AMAZON TO CONCLUDE IN JANUARY 2023
The Company announces that the UK co-branded credit card partnership between the NewDay Group and Amazon will conclude on expiry of the contract in January 2023. NewDay has issued the notice of termination following the conclusion of extensive commercial discussions between both parties.
NewDay will retain the accounts associated with the UK co-branded credit card partnership. These accounts will be re-branded and new cards issued to customers in due course. The conclusion of the partnership is not expected to have a significant financial impact on NewDay.
Paul Sheriff, Chief Financial Officer of NewDay, commented: “We have enjoyed a successful partnership with Amazon over the past few years and we wish them all the best for the future. I am very excited about what the future holds for NewDay’s Merchant Offering business as more retailers look to partner with us to leverage our expertise and digital capabilities.”
Enquiries
Investor Relations
Email: investor.relations@newday.co.uk
Media
Powerscourt
Email: newday@powerscourt-group.com
About NewDay
NewDay is a leading provider of unsecured consumer credit in the UK, providing technology enabled, highly flexible and innovative products directly to consumers and via its merchant relationships. The Group’s product offering includes credit cards and digital revolving credit incorporating BNPL and instalment finance functionality.
NewDay operates multiple direct-to-consumer products through well-known brands such as Aqua, Fluid, Marbles and Bip - the UK’s first digital only credit “card”.
In its Merchant Offering business, NewDay offers white-labelled credit cards in partnership with well-known brands. NewDay also offers Newpay, a flexible digital finance offering incorporating BNPL and instalment finance. NewDay’s prime and near-prime underwriting capability and 20 years of experience allow it to responsibly say yes to more customers in the UK, making NewDay a merchant partner of choice for leading brands.
NewDay has a clear purpose: to help people move forward with credit. It provides close to 5 million customers with responsible access to credit. NewDay’s leading, highly scalable digital platform alongside its proprietary credit decisioning capability allows it to continually innovate within the UK consumer finance sector, unlocking competitive advantage and developing products that meet customer and merchants’ changing needs.