Buy now, pay later service

We supported the development of a Buy Now, Pay Later (BNPL) service

– on the frontend and backend side.

Learn more about a system that enables deferred payments for Paytree.

industry

fintech

country

Poland

team size

collaboration

2021 – now

About the Buy Now Pay Later schema

We have provided a system that enables deferred payments.

Payka allows users to pay utility bills such as energy, TV, Internet, or telephone (in the Buy Now Pay Later schema). The online payment process is fully automated, quick and simple: after selecting Payka method on the payment gateway, you enter your identification details, if you are recognized, you accept terms with an SMS code. Otherwise or if you use Payka for the first time, you are logging into your bank account to identify yourself through PSD2/AIS.

Payka’s payment process is fully secure. All transactions are encrypted and executed through secure servers and communication channels. The system is integrated with Blue Media’s payment gateway, so there is no need to integrate it with each utility provider separately.

The most important information:

BNPL

service

suppliers

award

Team extension model with 5 backend developers

We collaborate on a team extension model, carrying out tasks together with an external front-end team. During the project, five backend developers were involved in the implementation of new functionalities.

So, what are its benefits to businesses?

As the name suggests, Buy Now Pay Later is a payment service that allows customers to delay the final bill. With Buy Now Pay Later, they can checkout without full immediate payment.

A wide range of customers

By offering more flexible payment methods, customers can complete checkout even if they are still waiting for this month’s paycheck
New customers

The rate of American shoppers using Buy Now Pay Later rose 80% between 2020 and 2021 alone, with millennials comprising 40% of BNPL users in 2020 and Gen Z quickly catching up
Purchasing higher-value goods

According to a press release from QuadPay, merchants implementing its BNPL service increased their average checkout value by 60%. They also saw a 20% increase in conversions.

Meet our partner – Paytree

Paytree.pl is a financial company that offers non-banking financing solutions. Its products and solutions include loans, Buy Now Pay Later (BNPL) options, and insurance payment distribution. Paytree.pl operates in financial mediation channels and targets customers looking for non-banking financing options.