Buy Now, Pay Later

May 6th, 2022

The Buy Now, Pay Later is an end-to-end solution for launching a new product in the market at speed, allowing consumers to finance their acquisitions and pay later in multiple installments. In addition, merchants can increase their average cart value and conversion rate and lenders can increase their customers portfolio by launching a new channel. The FintechOS BNPL solution allows you to easily define products, use soft or hard credit check rules within the embedded Product & Services Factory, and provides a seamless customer check out journey powered by a powerful accelerator and the complete servicing processes (i.e. contract admin, billing & collection, etc.) using FintechOS Core Banking solution.

The BNPL checkout accelerator allows customers to complete their shopping experience by selecting BNPL as a payment option to finance their purchases in a seamless manner. They are guided through a simple application given their own profile accessing tailored products. Simple or complex risk rules can be applied to any available data.

Main Features

Find below the main highlights of this solution:

• product selection from marketplace

• predefined banking products that can be configured to meet business needs

• user login

• email address and phone number verification with two One-Time-Passwords

• risk level calculated for each customer

• ID and user verification

Read more about this accelerator in the dedicated user guide.