MSL Solutions Limited has signed a revenue sharing Merchant Agreement with leading `buy now pay later' (BNPL) payment solution provider Openpay Group Ltd. The agreement will see MSL integrate Openpay's BNPL offering with MSL's golf and membership products. This allows participating golf clubs to include Openpay's BNPL plans as a payment option for member subscription fees whilst enhancing golf clubs' operating cashflows. The agreement will run for an initial term of 3 years and involve a phased rollout of Openpay's BNPL offering to MSL's Golf customers in Australia.

MSL has agreed to partner during this period with Openpay on a basis that excludes Openpay's competitors in the Australian market. Openpay will pay for the platform functionality to be established, and the parties have agreed to revenue sharing terms which will see Openpay pay MSL an annual rebate of fees payable to Openpay during each preceding year.