Payment and commerce solutions company Unzer has launched a buy now, pay later (BNPL) offering, which integrates invoice and instalment payment methods, as well as direct debit, into its product portfolio via a single interface.
The new product, called ‘Upaylater’, is designed to help merchants meet what Unzer called the “growing demand” for BNPL.
Unzer confirmed that, in the future, it will expand its market share in BNPL services.
Robert Bueninck, chief executive officer of Unzer, said: “Unzer is not new to invoices, instalments, or direct debit.
“However, for our new ‘upaylater’ offering, we have combined our knowledge, data and technology. This makes it even easier for merchants to offer BNPL services.”
Unzer conducts real-time identity checks and creditworthiness on all purchases, whatever the amount, as part of its “responsible risk assessment”.
It stipulated that anyone who has missed payments, outstanding invoices or exceeds a certain amount of receivables must pay for a purchase in full before they can use further BNPL services.
Bueninck added: “Unzer wants to be a pioneer in the field of responsible invoice and instalment purchases.
“That’s why we anticipate potential regulation when we design our products.”
Unzer has eight offices located across Germany, Austria, Denmark and Luxembourg.