Buy-Now-Pay-Later: From trend to daily life
The buy-now-pay-later (BNPL) market is booming worldwide. In recent years, the rise of e-commerce has fueled the ascent of BNPL as an alternative to traditional payments.
Today, it's a must for businesses to integrate BNPL solutions into their customer journey – it's simply expected that this customer-centric payment option is offered. And, it makes payments extra convenient for your customers.
Don't miss this guide to BNPL! Quickly learn how to build your own BNPL product, whether for businesses or consumers.
BNPL: Simple, fast, efficient
It's fair to say that German consumers have become accustomed to the use of BNPL and it is increasing every day. Of course, this is not surprising as it is a convenient, flexible and an immediate financing option.
You can't succeed in e-commerce without BNPL
Solaris' embedded finance platform enables merchants to seamlessly integrate BNPL into the e-commerce user journey. A great opportunity to stop shopping cart abandonment and reduce the churn rate. After all, the majority of Germans use BNPL for online shopping.
“Our buy-now-pay-later product – Splitpay – offers customers more financial flexibility than ever before. What makes it so unique is its versatility: Splitpay not only allows users to pay later, but to convert past transactions into installments with just one click.”
VP Product at Solaris