Insights

The BNPL market has seen significant growth, with 46% of the top 1,000 retailers now offering BNPL options. Among the BNPL models that have emerged, is merchant-funded BNPL. But what is this model exactly? How does it operate, and why is it particularly attractive to merchants and PSPs?

These prestigious awards aim to recognise businesses driving innovation, progressive and inspirational changes within the global financial community.

Many FIs are dipping an exploratory toe into the AI waters to see what else can be done to increase operational efficiencies and lighten the load. From compliance to code generation, recruitment to orchestration; nothing is off the table. According to a recent report, disruptive AI technologies can dramatically improve an FI’s ability to achieve four key outcomes: higher profits, at-scale personalisation, distinctive omnichannel experiences, and rapid innovation cycles. What’s not to like?

The world of BNPL is not one-size-fits-all; it's a rich tapestry of options, each with its own unique set of features and benefits, and FIs and PSPs must carefully consider which model, or combination of models, is right for them to help grow their business.

One of the largest financial institutions in the Middle East had a long-term business strategy to move into the acquiring market. However, as the market was already saturated, it knew it needed to launch something truly different to be able to compete. Recognising the untapped potential in mobile payments in Jordan, the bank chose to focus on creating a value proposition that utilised the high mobile penetration rate in the country to appeal to all market players, from small businesses to large enterprises.

Recognising the evolving landscape of financial services and the growing demand for flexibility and convenience, one of Myanmar’s largest private banks embarked on a project to introduce innovative buy now pay later (BNPL) products.

Klarna required a flexible and customisable third-party solution to replace its in-house platform that would enable easy system development, the ability to create new products quickly and grow the business on a global scale.