Corporate News

Deutsche Payment A1M SE launches Buy Now, Pay Later Solution PayThisLater

Berlin, December 8, 2022 – Since December 1, 2022, Deutsche Payment A1M SE has been offering a solution for Buy Now, Pay Later (BNPL), that is, PayThisLater. With the white-label solution in cooperation with ACI Worldwide, business customers (merchants) can offer their customers purchase on account, installment payment, and lease-to-own. Therefore, business customers only need a single integration, which reduces integration costs and eliminates the need for separate contracts with each BNPL provider. Currently, there is already access to more than 70 BNPL providers, with the number expected to increase to over 220 by the end of 2023.

In general, BNPL is increasingly shaping the global and European payment method mix. According to forecasts by Statista, BNPL payments will increase by 39% by 2023.¹ Particularly, younger consumers are using BNPL. That is, 47% of Generation Z and 40% of Millennials are more willing to make purchases when BNPL is offered as a payment method.¹BNPL is particularly growing in popularity in Europe. The FIS Global Payments Report forecasts the highest growth rates for BNPL worldwide for Europe. In Germany, BNPL was already the second most popular payment method (20% of payments) in the e-commerce sector in 2021.²

"After PayThisWay, PayThisLater represents another payment method that optimizes the customer experience and journey. On the one hand, this benefits our business customers and, on the other hand, it is perfectly in line with our vision to provide all consumers with access to convenient digital payment methods that represent a positively perceived touchpoint," comments Alexander Herbst, CEO of Deutsche Payment, on the launch of PayThisLater.

¹ Statista (2021). Share of Digital Buyers Using Buy Now, Pay Later Services in the United States between 2021 and 2025, by Generation.

²FIS (2022). The Global Payments Report.

Contact: Dr. Erik Hermann (Investor Relations)

Phone: +49 (0)30 652121346

Email: ir@deutsche-payment.com

About Deutsche Payment

Successful companies inspire their customers not only with an attractive offer. Digital payment solutions that have a positive impact on the customer experience - online, mobile, and at the point of sale - are the key to successful customer retention.

Our mission is to provide companies with innovative and cost-optimized payment solutions that are tailored to their individual needs and meet the highest security standards. For our solutions and our consulting, we place particular emphasis on customer orientation and positive customer experiences.

More information:

www.deutsche-payment.com/en/