The Pay Later opportunity
BNPL market size
Source: Juniper Research
of consumers have used BNPL services.
Source: The Ascent
User base increase between 2020 and 2021 for BNPL services.
More revenue?We'll do that for you.
Our pay later solutions create a new growth channel and seamlessly compliment other payment methods.
White-label Pay Later benefits
Top 5 benefits from credi2's Pay Later platform for banks and issuers for BNPL, instalment loans or revolving credit products.
No IT and operation hassle
By-pass or smoothly integrate with your core banking, risk managment, account management, collection process, and customer service.
End-to-end product design
Extensive pay later product range, all consumer and merchant front-ends, modular core banking features and automated operation.
Market proven & secure
High level of information security and data protection with ISO 27001 | 27701
Fast time to market
From the initial idea to the first live customer within weeks
Unmatched product range
Retail financing at its best: factoring, credit and rent
The right financing product for your business model.
Credi2's Pay Later platform offers five flexible white-label financing products, all of which can be easily embedded at any digital touchpoint, POS or issuer application.
- Pay per invoice
- Split pay
- Installment loan
- Revolving credit
Pay per invoice
The eCommerce champion to drive conversions.
Consumers pay the purchase balance by invoice after a term of typically 14 days - free of interest. This financing method provides convenient payment flexibility, just like charge cards do - but with less complication. Offer BNPL in weeks; the preferred payment method of your future customer base.
Trusted by champions
Offer your customers an unmachted experience with your own branded Pay Later solution built on the award winning & secure credi2 white label solution.
Pay later use cases
Loan or buy now, pay later (BNPL) based product enable pre-, during-, and post-purchase financing for eCommerce, Point of Sale and mobile channels.
- eCommerce financing
- Point of sale financing
- Subscription payment
- BNPL credit card
- Cash loan
Buy now, pay later financing methods are responsible for up to 70% of check outs. Furthermore, they push revenues up 15-30% in many verticals by attracting new incremental target groups such as Gen Y & Z. Offering popular split pay or payable by invoice options through your own white-labeled BNPL platform comes with more control, better commercial rates und ultimately more revenue. Banks and lenders can leverage their unique advantages through credi2's pay later platform.
Point of sale financing
Consumers expect a seamless omni-channel expierence, including the same payment flexiblity at the physcial POS. With modern, easy to use, fast, and 100% digital retail financing, consumers can be experience the same advantages that eCommerce has offfered for years. Installment loans, split pay or payble by invoice are available without complex processes. Retailers benefit from higher shopping baskets and more revenue. Banks and retail can easily unleash this untapped potential.
Driven by sustainability, circular economy and the rent vs. own mentality; subscription models have evolved significantly, going beyond the known retail financing advantages. Subscription models are increasing average shopping baskets by 20%, trippling repurchase rates and massivley driving customer life time value (CLV). Subscription models are what Gen Y & Z expect. Retailers therefore benefit greatly when introducing this hardware-as-a-service solution with their own branding, tailored integration, and perfectly synced customer journey.
BNPL credit card
Issuers can easily enter the buy now, pay later market by leveraging their unique positioning since they are basically the inventors of pay later payments. Offer consumers flexibilit and product convenience with pre- and post purchase installments, linked to a virtual BNPL charge card, any credit card transaction can be converted into an installment solution. Issuers can therefore build up a credit book to create new revenue streams and offer an alternative to embedded BNPL solutions.
Offer a cash loan within 10-15min, under your brand, fully digital, that's what many financial players want to have the flexibility to do. Credi2's fully digital platform deploys installments loans under your banks brand, by liberating you from all IT, operation and product hassles. Serve consumers when they need smart liquity management.
Setting the merchant- & issuer-led financing standard.
Benefits for leveraging credi2's trusted Pay Later platform.
- Operate your loan or BNPL based solution (branded/white label) without development and operation hassles
- Fast going to market with a state of the art Pay Later solution including an unmachted financing product portfolio
- Reach new customers, easily scale to other markets and grow your top line
We've got you covered.
We are ready to work together.
A BNPL solution is developed and operated on behalf of a e.g., of bank, which is offering the service to its merchant client. With its branding or the branding of the merchant. Credi2 then integrates the banks BNPL service into the merchant’s eCommerce and POS systems. Integration between credi2 and e.g., the bank systems is hardly needed - mostly connections for reporting and accounting is necessary, as credi2 runs the subledger, scoring/risk system and collection/repayment to name a few services.
Credi2 supports in the following areas:
1. Enabling quick go to market through established solutions which can provide e2e usable products.
2. Removing complex and long technical setups and operating.
3. Providing years of BNPL experience and knowledge to identify and provide fitting solution with an end-to-end solution.
4. Handling of day 2 day services incl. data, - & storage management based on ISO certification.
The main reasion for BNPL relevance for commercial sucess are:
1. High acceptance and request from customers for payment options which are secure and comfortable to use
2. Offering financial flexibility and convenience
3. Adding a security layer from the consumer perspective: BUY the produt - SEE the product, accept the product, PAY the product
Credi2 offers the most versatile BNPL product range on its BNPL-as-a-service platform:
2. Payable by invoice
3. Installment loans
4. Revolving credit
Read our blogs to understand more about credi2 and the entire BNPL space.
Pay later trends 2023
Consumer Credit Directive is a trust boost for BNPL