Codebase Technologies, a Dubai-based open API banking solutions provider, announced that it is rolling out a white-label Buy Now, Pay Later (BNPL) solution.

Leveraging Codebase Technologies’ digital banking platform, DigibancTM, the new BNPL component allows for banks, fintechs, lenders, and retailers to create and launch their own branded BNPL offering.

Codebase Technologies DigibancTM BNPL component is ready-made and can be fully customised to allow anyone to launch a BNPL offering in just a few months.

Taking a component-based approach to building your BNPL offering can be up to 50% faster than building from scratch and can be on average 40% cheaper, in the long run, than partnering with an existing BNPL provider.

Using Codebase Technologies DigibancTM BNPL component also allows for 100% customisability and ownership of the final product.

DigibancTM BNPL’s fully customisable features include an integrated customer onboarding process, detailed data on customer financials and insights, automated decisioning across the customer lifecycle, customizable customer journeys, and more.

In addition, the solution is core banking agnostic allowing it to be integrated with any legacy banking systems available in the market.

Raheel Iqbal, Managing Partner at Codebase Technologies stated,

“Our BNPL solution gives them a way to address that and launch their own BNPL offering quickly and cost-effectively.

 

Introducing such a solution can help increase repeat business, lower customer credit risks, increase average order value, and improve customer experiences; the benefits are extensive.”

Omar Mansur, Global Enterprise Lead at Codebase Technologies added,

“Our white label BNPL solution gives them a fantastic tool to adapt to customers’ new preferences.

 

The best part is that our solution is ready to deploy, we simply need to integrate and customize it for an organization, so the time to market is really quick.”