6 Key Insights on Installment Payments, BNPL, and Credit Payments for Merchants in 2024

Retail & E-Commerce Conect
Nicolas Pelpel led a conference on the theme “Installment Payment, BNPL, Credit Payment: What Opportunities for Merchants in 2024?” during the Retail and eCommerce Connect show organized by Wonke.
This event took place on May 30, 2024, and is aimed at e-commerce and retail merchants looking to increase their sales online or through store networks. This hybrid event allows for both in-person and virtual participation.
Key takeaways
Younited is Europe’s leading instant credit provider, offering consumer loans with fast credit decisions.
In 2023, Younited and Mixdata have carried out a study to define the new expectations of consumers and to draw 6 main conclusions.
- Consumers want to be able to spread their purchases over long periods.
- These solutions are suitable for large purchase baskets.
- BNPL or financing solutions must be omnichannel.
- Multi-installment payment solutions are loyalty-building levers.
- Customers are prepared to pay for this service in order to purchase their products.
- The use of payment facilities is emerging in new sectors such as luxury goods and sports equipment