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ChargeAfter's BNPL financing platform now available on Lenovo.com

Thursday 21 October 2021 11:07 CET | News

US-based multi-lender Buy Now, Pay Later financing platform ChargeAfter has announced that Lenovo launched its services on its US website and now shoppers cand receive financing from multiple lenders.

ChargeAfter’s omnichannel multi-lender platform with more than 30 pre-integrated leading lenders augments merchants to offer multiple consumers and B2B financing options using a single application directly on their ecommerce website or from a retail location while receiving up to 85% financing approvals in less than 3 seconds.

ChargeAfter’s BNPL financing platform provides financing options for shoppers, regardless of their banking history, including 0% APR, open lines-of-credit, short and long-term instalments, card instalments, lease-to-own, as well as B2B.

According to a recent study cited by the company, 55% of consumers surveyed have used a buy now, pay later service, up from 37% in July of 2020. An increase of almost 50% in less than a year. USD 680 billion will be spent by global consumers using a form of point-of-sale financing in ecommerce channels alone by 2025. This will represent a 92% rise over the USD 353 billion spent in 2019, according to Kaleido Intelligence.


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Keywords: BNPL, partnership, lending, omnichannel, ecommerce, retail
Categories: Payments & Commerce | Online Payments
Countries: United States
This article is part of category

Payments & Commerce