As Buy-Now-Pay-Later schemes become popular across Europe, financial institutions and merchants should take advantage of Open Banking’s power to unlock and grow BNPL for new revenue, better customer service and enhanced customer loyalty.

The growth of Buy-Now-Pay-Later schemes in Europe has had a pronounced effect on financial institutions’ payments revenues in recent years.

Figures from the latest research show credit card numbers and usage dropped during the pandemic despite a 30% increase in e-commerce spending as customers flocked to BNPL for both physical and online shopping needs. Meanwhile, growth for BNPL players has been spectacular.

Worldline‘s new white paper explains why Financial institutions and merchants should offer BNPL – or risk seeing both their margins and customer relationships eroded.

Find out more – download the white paper.

This White Paper is written by PCM on behalf of Worldline. To find out more about our Products and Services contact us today:

Alex Rolfe – Managing Director
alex@paymentscm.com

Wendy Sanders – Business Development Director
wendy@paymentscm.com

Or check our Media Kit for a full range of our award-winning services

BNPL: the next opportunity in Open Banking and Digitalization

As Buy-Now-Pay-Later schemes become popular across Europe, financial institutions and merchants should take advantage of Open Banking’s power to unlock and grow BNPL for new revenue, better customer service and enhanced customer loyalty.