The partnership enables Mondu to offer Buy Now, Pay Later (BNPL) solutions for online B2B merchants and marketplaces, allowing their customers to pay through online invoice purchasing on flexible terms. Within the framework of the new cooperation, Raisin Bank ensures the regulatory requirements for factoring and provides payment and account services.
Mondu’s BNPL solution is directly integrated into the checkout process of merchant portals whereby B2B customers can choose flexible payment dates. If a business customer decides to use one of the payment methods offered by Mondu, it coordinates the processing of the payments as well as associated services with its full-service solution.
As a fronting bank, Raisin Bank handles this process and ensures compliance with all regulatory and supervisory framework conditions. The offering by Mondu and Raisin Bank will also allow for instalment payments in the future. An expansion into other countries of the EU is planned in the near future.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.