TurnKey Pay Later - Customer Finance Platform Enables Businesses to Bring BNPL In-House
Nov 17, 2022
AUSTIN, Texas - November 17, 2022 - (Newswire.com)
TurnKey Pay Later platform automates all aspects of consumer and commercial buy now pay later process for product and service providers as well as lenders. Businesses that are already using this solution include large-scale retailers, franchising providers, manufacturers of advanced labor equipment, telecoms, payment processors, airlines, and many others in 50+ countries.
TurnKey Lender has automated processes for embedded lenders for years now, but in 2022, the demand for powerful and user-friendly automation of in-house BNPL programs became much higher. The BNPL phenomenon is expected to reach $1T in annual gross merchandise value by 2025. This growth is fueled by the benefits that both business owners and their clients receive from point-of-sale repayment options.
While BNPL lenders were some of the fastest growing FinTechs during the pandemic, more product and service providers started to realize that it's better to control their pay later programs in-house to keep the 2-6% fees on every payment, remain in control of their client's data, their customer journey and repeat sales.
These trends led to the creation of TurnKey Pay Later. This solution package changes the lending industry status quo by offering product and service providers industry-leading lending technology tailor-fit to make running a BNPL program in-house simple.
The solution package comes with configurable credit scoring, integrates seamlessly into the checkout process, and provides both buyers and team members with well-designed cloud-based portals. Staff onboarding is usually completed in a matter of hours. Business owners' control over the BNPL process ensures better returns on technology investment, higher customer lifetime value and a streamlined digital customer experience.
Elena Ionenko, COO and Co-founder of TurnKey Lender, comments: "It's clear that the future of credit is at the point of sale. TurnKey Lender enables the market to adjust to this urgent demand. TurnKey Pay Later gets you on the same level of digital BNPL experience as Affirm and PayPal provide but the platform is yours and tailored to you and your consumers. This release fits perfectly into TurnKey Lender's mission - lowering the lending space entry barrier to make sure borrowers get fair credit where and how their need it."
About TurnKey Lender
TurnKey Lender is a global B2B SaaS company that offers AI-powered lending automation and decision management solutions and services in 50+ countries and counting. From origination and underwriting, to servicing, collection, and reporting - the company's software can automate the entire lending and financing process just as well as its specific parts.
Contact Information:
Justis Saayman
Head of Marketing
[email protected]
Related Files
TurnKey-Pay-Later-BNPL-platform-brochure.pdf
Press Release Service by Newswire.com
Original Source: TurnKey Pay Later - Customer Finance Platform Enables Businesses to Bring BNPL In-House
More News
Experience Kissimmee Launches Film Kissimmee
Experience Kissimmee announces the launch of Film Kissimmee, the official film commission for Osceola County. The commission is created to attract film, television, commercial and digital media productions, showcase the destination’s diverse filming locations and expand opportunities for the local tourism economy. Film Kissimmee will serve as a central resource for production companies, location managers and digital content creators seeking filming opportunities in Central Florida. The initiative connects industry professionals with a wide range of filming locations, local expertise and production resources to help bring stories to life in Osceola County.
Meet Nathan Fielder, who co-directed the Elizabeth Holmes documentary, You Can See Everything
If there’s one name Hollywood cannot stop raving about this autumn, it’s Nathan Fielder. The 43-year-old Canadian comedian is behind the hit new Elizabeth Holmes documentary, You Can See Everything, released on October 16, which earned an impressive US$15 million at the North American box office in its opening weekend. Fielder co-directed the A24 production with Lance Oppenheim after the disgraced Theranos founder and CEO and her long-time partner, Billy Evans, invited them to their rented Del...
British Airways Wins Big in European Awards
British Airways is returning to its former glory it seems, scooping four titles in this year's awards The post British Airways Wins Big in European Awards appeared first on Business Traveller.
This Airline has the Best Economy and Premium Economy Cabins in Europe
In this year's awards, the German flag carrier has won both best economy and premium economy class in Europe, among other titles The post This Airline has the Best Economy and Premium Economy Cabins in Europe appeared first on Business Traveller.
Qatar Airways Named World’s Best Frequent Flyer Programme
Clarity, flexibility and rewards worth chasing: why Qatar Airways Privilege Club leads the field. The post Qatar Airways Named World’s Best Frequent Flyer Programme appeared first on Business Traveller.
Suite by Aspire at Zurich Airport Claims Top Spot
If you're passing through Zurich Airport, make sure to visit Suite by Aspire, crowned Europe’s Best Third-Party Lounge in this year’s awards The post Suite by Aspire at Zurich Airport Claims Top Spot appeared first on Business Traveller.
Emirates Sets the Global Benchmark Across Three Cabin Classes
Emirates takes the spotlight with global recognition across First Class, Premium Economy and Economy The post Emirates Sets the Global Benchmark Across Three Cabin Classes appeared first on Business Traveller.
London Heathrow Crowned Best Airport in Europe
The London hub stands out for its fast immigration clearance and some of Europe’s best airline lounges The post London Heathrow Crowned Best Airport in Europe appeared first on Business Traveller.
Mandarin Oriental Wins Best City Hotel Brand in the World
Landmark buildings, local experiences and a sense of place set Mandarin Oriental apart, from London and New York to Istanbul. The post Mandarin Oriental Wins Best City Hotel Brand in the World appeared first on Business Traveller.
Cathay Pacific Wins Big in the Skies and on the Ground
From cabin upgrades to lounge access and Asia Miles redemptions, Cathay Pacific’s award-winning offer spans the airport and the flight The post Cathay Pacific Wins Big in the Skies and on the Ground appeared first on Business Traveller.
The Winners of the 2026 Business Traveller Awards Have Been Announced
Find out who took the top spot in the Business Traveller Awards 2026, across the global and regional categories The post The Winners of the 2026 Business Traveller Awards Have Been Announced appeared first on Business Traveller.
Aman Resorts Named World’s Leading Luxury Resort Brand
Our pick for best resort brand in the world, Aman puts serenity first, in settings from Utah’s desert to the turquoise waters of Palawan. The post Aman Resorts Named World’s Leading Luxury Resort Brand appeared first on Business Traveller.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.