“CeroPay”: a BNPL proposal from Banco de Bogotá. Qorus Banking Innovation Awards 2023

We wanted to empower customers to materialize their purchasing decisions, generating at the same time further financial inclusion, this due of 30% of the Colombian population does not have access to formal financial or credit resources, this due to a limited to a segment that does not have the financial resources needed to immediately afford products or services. We wanted to provide customers a convenient and a additional solution for their needs by using interest-free credit with our “Buy Now Pay Later” solution: “CeroPay”. Furthermore, this solution aids Banco de Bogotá allies businesses to increase customer attraction, both at physical stores and via e-commerce, generating turnover inventory and more availability of payment methods for their customers.