BNP Paribas moves into BNPL space with partnership
IN BREIF:
- Built for large multinationals, the BNPL app is integrated with existing checkout systems
- It will provide instant buyer approval through a real-time credit decision process
- The service includes proprietary credit decisioning, transaction financing, credit and fraud insurance, collections through an eMandate and dunning, and a variety of financing options to accommodate merchants' needs
What does this mean?
Lionel Joubaud, global head of factoring at BNP Paribas, says: “After decades of successful development of our European factoring franchise, we are thrilled to announce a new generation solution for our customers wishing to increase their B2B digital sales. Together with Hokodo, BNP Paribas brings the best of its cash management and factoring expertise to offer this state-of-the-art buy now, pay later solution.”
