▁their ▁customers ▁the ▁facility ▁to ▁buy ▁now ▁and ▁pay ▁later ▁without ▁requiring ▁traditional ▁credit , ▁up front ▁fe es ▁or ▁interest ▁allowing ▁customers ▁to ▁have ▁the ▁ability ▁to ▁make ▁purch ases ▁now ▁and ▁pay ▁for ▁them ▁in ▁four ▁equal ▁pay ments ▁made ▁every ▁fort night ▁without ▁any ▁interest . ▁There ▁is ▁no ▁interest ▁charged ▁to ▁customers ▁for ▁using ▁this ▁service . ▁However , ▁failure ▁to ▁make ▁their ▁pay ments ▁will ▁result ▁in ▁a ▁late ▁fee . ▁Custom ers ▁are ▁required ▁to ▁be ▁over ▁eigh teen ▁years ▁of ▁age ▁to ▁use ▁the ▁service . ▁ ▁The ▁pay ▁now ▁business ▁consists ▁of ▁the ▁Touch ▁System ▁Platform , ▁which ▁includes ▁services ▁related ▁to ▁fra ud ▁protection , ▁regul atory ▁comp liance , ▁and ▁data ▁collection ▁and ▁analysis ▁for ▁digital ▁pay ments . ▁ ▁Exp ansion ▁ ▁In ▁January ▁ 2 0 1 8 , ▁US ▁vent ure ▁capital ▁fund ▁Matrix ▁Part ners ▁announced ▁its ▁intention ▁to ▁invest ▁A U $ 1 9 . 4 ▁million ▁in ▁After pay ▁to ▁support ▁its ▁entry ▁into ▁the ▁US ▁ret ail ▁market , ▁which ▁was ▁worth ▁US $ 3 . 8 ▁tr ill ion ▁in ▁total ▁annual ▁turn over , ▁including ▁US $ 4 5 0 ▁billion ▁in ▁online ▁purch ases . ▁After pay ▁launched ▁in ▁the ▁US ▁in ▁mid - May ▁ 2 0 1 8 ▁with ▁ret ail ers ▁such ▁as ▁Urban ▁Out fit ters , ▁with ▁over ▁US $ 1 1 m ▁of ▁underlying ▁sales ▁was ▁processed ▁in ▁the ▁first ▁full ▁month ▁in ▁June ▁ 2 0