Glossary

What is BNPL (Buy Now, Pay Later)?

Product

BNPL (Buy Now, Pay Later) is short-term instalment financing decided at the point of checkout. Its challenge is approving credit in milliseconds with minimal friction, which requires a fast decision engine, alternative data sources and policies that can be tuned per merchant.

Keep exploring

Related terms

Loan origination

Loan origination is the end-to-end process from a credit application being submitted to it being approved and disbursed: data capture, identity verification, data-source calls, scoring, policy execution and the final decision. Automating it cuts response times from days to seconds.

Back to the full glossary.

Want to see it in your operation?

Transform your credit assessment process with the decision engine.

Book a demo