Key differentiators
- Digital customer onboarding & KYC
- Merchant marketplace
- Alternative data-based credit assessment
- Refunds, billing and repayments
- Collections and delinquency management
- Rewards and loyalty
- Fraud monitoring
- Dispute management
- Analytics and reporting
Banks can achieve superior customer experience and a new revenue stream through BNPL
Mindtree and Q2 have announced a strategic partnership to build a future-proof credit and payments solution to meet the growing demands of banks, financial institutions, payment providers, and Fintech companies.
Mindtree and Q2 have jointly launched a new Buy Now Pay Later (BNPL) solution to cater to the growing demand for alternative financing, driven by exponential growth in the ecommerce industry. With an alternative data-based credit assessment, BNPL offers instant credit facility to customers at the point of sale.
With BNPL, banks and financial institutions will now be able to offer ecommerce merchants an alternative payments method. The convenient and seamless one-click checkout experience, personalized real-time payment option without any hassle, and flexibility to shop now and pay later without interest will result in enhanced customer experience, boost sales and increase customer loyalty over time.
Design principles
- Digital first – Seamless digital process and UI for smooth customer experience
- API first – Pre-configured APIs available for quick integration and reduced time to market
- Mobile first – Supporting mobile-based platforms and web for the best experience
- Cloud first – Capability to scale up and extend capacity for enhanced market reach
- Future-proof – AI-based credit assessment, biometrics, and facial recognition in customer onboarding
- Security and compliance proof – Adheres to data security, privacy, and compliance (GDPR)
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