Buy Now Pay Later - AVVERA Qorus-Infosys Finacle Banking Innovation Awards 2024

Submitted by

Avvera

Premium

21/06/2024 Banking Innovation

Introducing BNPL SplittyPay by Avvera: Buy now, pay later in easy installments. Enjoy financial flexibility with seamless integration at top retailers and a user-friendly app. Shop online or in-store, spread the cost and manage your finances effortly

Innovation details

Country
ItalyCategory
Core Offering InnovationKeyword
Loans, Strategy & Business model

Innovation presentation

Avvera wanted to launch a BNPL solution to gather many customers for future up/cross-selling initiatives. BNPL is a fast growing market (+35% yoy 2023 in Italy: CRIF source). We acquired a startup Splittypay, integrated it in our ecosystem and implemented new services. Project team was composed of almost all company'areas. We launched the project at the end of 2023 after only 6 months of analysis and development. This kind of partnership now has been copied by some competitors

Want to keep reading?

Become a Qorus member to get access to all our innovations

Check our offer

Interested in learning more?

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.