BNPL is racing to become a trillion dollar industry.
Want a fast track to BNPL access? Welcome to Open Buy Now Pay Later from Paywerk.
Acquire digital savvy customers. Access BNPL revenue. Cross-sell banking products.
Paywerk's OBNPL platform gives banks fast access to BNPL business. Integration comes with low investment and minimal development effort. Banks keep full retention of all risk parameters and control over branding. OBPNL results in acquisition of new digitally savvy customers and revenue from BNPL.
Paywerk OBNPL meets the demands of changing consumer habits - financing products that are free for consumers, available where ever they shop.
BNPL is the only unsecured loan asset class experiencing high-double-digit growth during the COVID-19 crisis.
€587 billion will be spent by global consumers using point-of-sale finance / BNPL over e-commerce channels by 2025.
This explosive trend is set to continue and by 2026, McKinsey predicts global BNPL spending will hit the $1 trillion mark.
The Open BNPL platform enables cross-border scalability for merchants, giving banks immediate access to a growing pool of BNPL shoppers.
E-commerce has seen rapid growth in the last 2 years. Younger shoppers have driven the trend, but now everyone is adopting. These same millennials demand free payment methods designed around their lives. Paywerk Open BNPL is exactly this - cross-border, digital-agnostic and free for shoppers.
With an EU payment company licence and banking background, Paywerk offers access to BNPL to all banks. Because we see that shoppers want choices based on trust and transparency.