Currys has refreshed and rebranded its credit offer as demand for its flexible payment options surges.

Customers will be able to choose to spread the cost of their purchases through fixed monthly payments or via the buy now, pay later in store and online.

The Currys flexpay service, formerly Your Plan, is also now available on more categories and gives users better visability of their credit balance across previous purchases.

It comes as the electricals giant found that £1 in every £5 was spent using its flexible payment option exceeding the amount spend using a credit card.

Currys flexpay, which is powered by BNP Paribas Personal Finance, allows users “access to a range of low rate and interest free promotional credit offers on selected products”, the retailer said.

Consumer credit director Joshua Fabian-Miller said: “We’re committed to helping customers access and enjoy the latest technology, that keeps them connected, healthy, productive and entertained – flexpay is a key part of that mission.

“Currys flexpay makes it even easier for customers to spread the cost of their tech, at the point of need.

“I’d like to thank the customers and colleagues who helped us shape flexpay, and the teams across Currys and our partner BNP Paribas Personal Finance, who develop our credit product and help our customers pay at their pace.”

Currys shareholder Frasers Group was reported to have pitched its buy now, pay later offer to the electricals giant in June, alongside Asos, Boohoo and rival AO.

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