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April 28, 2022

B2B payment specialist Mondu forges BNPL partnership with Raisin Bank

Berlin-headquartered business-to-business (B2B) payment firm Mondu has signed a payment solution partnership with Frankfurt-based Banking-as-a-Service (BaaS) provider Raisin Bank.

Free Report
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What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

The partnership will enable Mondu to extend Buy-Now-Pay-Later (BNPL) solutions for online B2B merchants and marketplaces, enabling their customers to pay on flexible terms.

When a business customer opts for one of Mondu’s payment methods, Mondu will coordinate the processing of the payments as well as associated services with its full-service solution.

Raisin Bank will provide payment and account services while also ensuring compliance with all regulatory and supervisory framework conditions.

Mondu co-founder Philipp Povel said: “Thanks to Raisin Bank, we have a competent and strong partner with many years of experience by our side.

“With the bank’s digital services behind us, we are revolutionising the market for B2B payments and offering small- and medium-sized enterprises the financial flexibility they so urgently need right now.”

The companies claim that their jointly implemented BNPL business has already garnered a positive response from German merchants.

They plan to launch instalment payment options for the offering in the future and expand the offering into other European Union countries soon.

Raisin Bank chief commercial officer Andreas Wolf said: “The partnership with Mondu strengthens our position as a Banking-as-a-Service provider for fintechs and other financial service providers.

“Mondu’s business model has great potential, and we are happy to help realise it with our services. Processes around factoring and BNPL are an essential part of Raisin Bank’s service portfolio, both in the B2C and B2B sectors.”

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

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