ID Finance Expands BNPL with Turrón Launch

By Milan Rojan

ID Finance has expanded its digital payments portfolio with the launch of a new Buy Now, Pay Later (BNPL) solution that has enabled customers to split eligible online and in-store purchases into interest-free instalments through a single payment card.

Vitali Yermakou, Country Manager at ID Finance, said: “With Turrón, we are taking another step forward in the evolution of our service offering. The card fits naturally into the way people already pay for everyday purchases, with instalments being applied automatically which removes the friction for customers when they are spending at merchants.”

The new offering has combined an e-money account, debit card and BNPL functionality within the Plazo finance app, allowing users to make purchases without selecting instalment options at the point of sale. Eligible transactions at participating merchants are automatically divided into interest-free repayments, with no additional checkout steps required.

The launch has expanded the company’s digital financial services portfolio, allowing customers to view repayment schedules and instalment amounts in the app before making purchases. Standard repayment terms cover three monthly instalments, while eligible larger purchases can be repaid over up to 12 months. The product also offers cashback at partner merchants and comes with no maintenance fees or subscription charges.

The company said the new solution has formed part of its broader strategy to expand digital financial services that address everyday consumer payment and financing needs. Plazo has evolved from a mobile finance application into a wider financial platform integrating payments, financing and financial wellbeing features.

The launch has followed the company’s structured funding round in 2024 and its move to profitability in late 2025. ID Finance is now focused on expanding its merchant network, with the addition of BNPL services expected to support further growth and contribute towards full-year operating profitability for Plazo in 2026.