Card payments giant MasterCard has announced that it will be launching a "Buy Now, Pay Later" (BPNL) installments plan enabling banks and FinTech to offer their own BPNL plans. The Installments plans, to be launched in US, UK and Australia, will include 0% interest and a pay-in-four model. The plan has been built to "protect consumers and enable choice without sacrificing trust and security", said Chief Product Officer Craig Vosburg.