Buy Now Pay Later Qorus Banking Innovation Awards 2023
Submitted by
Absa Group
We are a Pan-African group, inspired by the people we serve and determined to be a globally respected organisation of which Africa can be proud. We have operated in Africa for over 100 years. We are committed to finding tailored solutions to uniquely local challenges, and everything we do focuses...
BotswanaCategory
Reimagining the Customer ExperienceKeyword
Loans, Payments, Embedded finance & Super apps
Innovation presentation
Buy Now Pay Later (BNPL) or Equated Payment Plan (EPP) on credit cards are financial services that allow cardholders to make purchases and then spread the cost of those purchases over a specified period of time, typically with fixed monthly payments. These plans are designed to provide more flexibility to consumers when it comes to managing their expenses. The Absa BNPL solution intends to offer customers a solution that allows activation of the equated payment plan by use of Absa Digital channels (being internet banking, mobile banking application or through a designated short code)
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