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13th September 2016

FLEXI CARDS CELEBRATES NEW NZ NAME WITH LAUNCH OF Q MASTERCARD®


Sporting a new name and a fresh look, Flexi Cards is celebrating with the launch of one of New Zealand’s most innovative consumer finance products – Q Mastercard.

The unique card was unveiled today, the same day Flexi Cards revealed its new branding. Previously known as Fisher & Paykel Finance, it was acquired by FlexiGroup late last year.

Flexi Cards was the first non-bank to be granted a Mastercard issuing licence in New Zealand and is now inviting people to apply for the innovative new black card: www.qmastercard.co.nz

Flexi Cards NZ Chief Executive Greg Shepherd says Flexi Cards is committed to being a specialist centre of excellence for point-of-sale finance and payments, and the launch of Q Mastercard is a demonstration of that.

“We’re delighted to be offering this ground-breaking new product to New Zealanders. With its unique range of features, Q Mastercard really is the number one card Kiwis should have in their wallets,” says Shepherd.

“It not only works like a traditional credit card, but also lets cardholders enjoy three months of no payments and no interest on all purchases – that’s more than double the time most cards offer. Plus it has long-term finance options built in, which gives consumers breathing space to help them manage the cost of higher value transactions like consumer electronics, furniture, dental services, audiology and travel purchased from any partner in our extensive merchant network.

“All of those features are available on this one card and, because it’s a Mastercard too, it is accepted all around the world.”

“Q Mastercard is ideal for financially savvy consumers looking to take advantage of three months of no payments or interest on purchases,” says Peter Chisnall, Mastercard Country Manager for New Zealand and Pacific Islands.

“In addition, the card features Mastercard’s enhanced security technology and Tap & goTM, which New Zealanders are increasingly using to make everyday purchases.”

Q Mastercard’s suite of features include:

  • Automatically offers three months of no payments and no interest on every purchase, with no minimum spend require

  • Credit card facilities for purchases in-store and online at millions of locations around the globe, including cash advances at banks and ATMs wherever Mastercard is accepted

  • Built-in access to Flexi Cards’ long term finance deals at thousands of participating retailers throughout New Zealand

  • Contactless technology allowing payments up to $80 using Tap & goTM without the need to enter a PIN

  • Security features including microchip technology and Mastercard SecureCodeTM

  • Q Mastercard cardholders will also get access to benefits such as Priceless® Cities – a unique collection of travel experiences at home and away selected exclusively for Mastercard cardholders.

Flexi Cards is part of FlexiGroup NZ, a wholly-owned subsidiary of ASX-listed Flexi Group, Australasia’s leading provider of financial solutions for lifestyle, home and business.

Mastercard, the Mastercard Brand Mark and Priceless are registered trademarks of Mastercard International Incorporated. Tap & Go and SecureCode are trademarks of Mastercard International Incorporated.



 

FISHER & PAYKEL FINANCE SOLD FOR $315 MILLION

 

On 27 October 2015, Fisher & Paykel Appliance Holdings Limited made the following announcement;

"Fisher & Paykel Appliance Holdings Limited (FPAH) has confirmed the sale of subsidiary company Fisher & Paykel Finance Holdings Limited (FPF) to ASX- listed financial services company FlexiGroup for $315 million in the form of $250 million cash and $65 million deferred consideration.

The transaction is subject to Overseas Investment Office and Reserve Bank of New Zealand approvals.

FPAH chairman Keith Turner said that since its establishment in 1973, FPF had grown from a niche business focused on supporting the sale of Fisher & Paykel appliances into a leading point-of-sale consumer finance company with diverse products and services used every day by thousands of Kiwis across the country.

“The sale of FPF to FlexiGroup will allow FPAH to focus on our goal of becoming a global premium appliances brand, designing and manufacturing class-leading appliances,” Dr Turner said."