Deutsche Bank, in collaboration with the Vienna-based fintech Credi2, is developing its own BNPL (buy now, pay later) solution for invoice and instalment purchases. The white-label – own brand – solution for online merchants and e-commerce marketplaces in Germany can be flexibly integrated into the payment process. Pilot projects are slated to start this year.
“Together with Credi2, we want to create a real alternative to existing BNPL offerings. Unlike most BNPL offerings, merchants retain full control over transactions with their new and existing customers through the white label approach,” says Kilian Thalhammer, Head of Merchant Solutions at Deutsche Bank. A special merchant portal enables them to digitally track both returns and partial payments of the transactions.
In addition, merchants and marketplaces benefit from a liquidity advantage, as the bank pays out the purchase price to the merchant’s account immediately upon confirmation of order shipment. Deutsche Bank assesses the risk of non-payment and fraud in real time and includes the receivables arising from the respective sales contract in its own risk portfolio. Invoice purchasing, which has dominated in Germany for decades, has firmly established itself among the top three payment method
