4 BNPL platforms to seek instant credit from this Christmas

By Gloria Methri

Over the last two years, there has been a sharp uptake in BNPL as customers are moving more toward e-commerce shopping. This year is no different with shoppers having the option of applying for an instant line of credit via BNPL platforms.

According to a recent survey, BNPL payments are expected to grow by 42.1% on annual basis to reach $4762.9 million in 2022.

BNPL payment industry in Denmark has recorded strong growth over the last four quarters, supported by increased e-commerce penetration along with the impact of economic slowdown due to disruption caused by the Covid-19 outbreak. The medium to long-term growth story of the BNPL industry in Denmark remains strong.

Here are four FinTechs offering BNPL services in Denmark this holiday season.

• ViaBill

Founded in 2014, ViaBill is an online platform for point-of-sale financing. It enables users to purchase products in-store or online on a credit basis and make payments in installments. Users need to add ViaBill as the payment option during checkout. It also provides a merchant portal enabling businesses to offer a buy now pay later option to their customers.

• Anyday

Anyday.io is a payment-splitting solution for consumers in Denmark. It enables online merchants to set up payment splitting methods during checkout, for shoppers to pay in installments. Anyday.io integrates with multiple e-commerce platforms to provide a wide range of online shopping marketplace for customers.

• biller

Biller is the B2B Buy Now, Pay Later payment method allowing merchants to pay up to 90 days later for goods and services while paying sellers in as little as seven days. The FinTech company entered Denmark in June this year with its first BNPL solution tailored for businesses.

• Klarna

Klarna is a Swedish FinTech company that provides global payment and shopping services along with the facility of banking and investments. “Buy Now, Pay Later” is one of the most famous services offered by the platform. It is one of the most highly valued private FinTechs globally with a valuation of $31 billion.