Buy Now Pay Later App Development

Q: Does RNDpoint assist with building a Buy Now Pay Later app?

Yes, we assist in building various BNPL solutions. Our expertise and established development processes allow our clients to get BNPL apps and significantly increase their user retention.

Q: How long does it take to build a Buy Now Pay Later mobile app?

All BNPL projects are very different from each other and have various terms of execution. On average, our team creates a BNPL MVP in 12 weeks.

Q: How much would it cost to build a Buy Now Pay Later app?

There is no fixed price for BNPL apps, as each project is discussed individually. Calculating the cost, we take into account many development factors, such as the functions you want to include, design, types of integrations, and others. The average cost of a BNPL app development is around $50,000 – 150,000.

Q: What are the most common cybersecurity challenges for Buy Now Pay Later apps?

The most common cybersecurity challenges for Buy Now Pay Later apps are Trojan BNPL apps, fraudster and hacking and research, API and data and breaches, weaponized apps for identity fraud, and keylogging and overlay attacks for ATOs and ID theft.

Q: What are the benefits of BNPL for small businesses?

The development and implementation of the BNPL app give small businesses the following benefits: an increase in sales due to the provision of interest-free loans, increasing credibility, eliminating of financial risks, boosting customer loyalty, and attracting new clients.

RNDpoint provides businesses with intelligent BNPL applications. We help our clients increase user retention by improving their buying experience.

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BNPL solutions by RNDpoint

We provide BNPL solutions for both large banks and telecoms, as well as small retail and eCommerce businesses.

BNPL software consultation

Our onboarding team consults on all technical and business issues of BNPL app development.

BNPL frontend development

We provide BNPL app prototyping, create user-friendly UI/UX design, and build mobile and/or web apps.

BNPL backend & back-office development

With our proprietary ProcessMIX software, BNPL businesses get a fast no-code backend development engine with pre-built back-office, loan origination & management features.

Integration layer

With ProcessMIX we provide integration-ready APIs and ensure 2x faster BNPL integrations with KYC, payment gateways, credit bureaus, eCommerce APIs, and more.

BNPL Application Development Services

As part of BNPL application creation, RNDpoint experts provide the following development services.

Customer onboarding

Configurable self-registration forms
KYC/AML verification
Setting up customer requirements
Automated customer pre-qualification
Custom formulas for credit rating assessment
Rule-based customer segmentation

Product Catalog

Flexible loan terms
Support for multiple installment plans
Assigning custom terms for interest-free EMIs
Multi-currency loans

Loan Management

Scheduled and ad hoc loan repayment
Automated calculation of EMI and a due interest
Support for multiple loan repayment methods
Real-time payment processing
Automated payment collection by direct debit
Notifications of a payment failure
Custom rules for payment rescheduling
Personalized reminders
Automatically applying fees for loan repayment
Automated refunds

Loan Origination

Automated submission of a loan request
Real-time scoring
Automated decision-making + manual (optional)
Instant communication of the decision
Automated upfront payment

Loan and Customer Monitoring

Real-time tracking of BNPL activities
A complete history of BNPL transactions
Automated recalculation of a customer’s credit score
Configurable dashboards for multiple user roles

Analytics and reporting

Scheduled and ad hoc generation of loan reports
Automated report submission to the required credit bureaus
Analyzing essential BNPL-related metrics
Regulatory reporting

Merchant management

Merchant’s detailed profile
Fees and commissions management
Document management
Support module
Commodity groups management

Security

Multifactor authentication, including biometric
Role-based access control
Payment data encryption
AI-based fraud detection
GDPR (for the EU)
Other global standards

Success story

We’ve been in the market of banking mobile app development for almost a decade and have a lot of successful cases to share with you.

eCommerce

Buy Now Pay Later Payment

Development of the BNPL solution for a bank, resulting in a product with 30,000+ business partners and 6 million retail users.

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Fintech

Stripe Payment System Integration

3x acceleration of the integration process and 2x lower development costs with the help of our proprietary software ProcessMIX.

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Industries we serve

Banks & FinTechs

We assist large retail banks and medium-sized FinTechs in increasing their lending volumes and launching new cash management and installment services.

Retail

RNDpoint equips retailers with smart decision-making and loan-processing functionality. We launch POS loans just in 8–12 weeks.

eCommerce

We help eCommerce businesses broaden their customer base and increase user retention, making shopping more accessible through the BNPL app.

Telecom

With the BNPL app, telecoms do fast cross- and up-sell without any risk and significantly improve their customer loyalty.

BNPL Integrations we provide

Payment systems

Visa
Mastercard

Payment gateways

Stripe
PayPal
PayU
Checkout.com

Mobile payment platforms

Google Pay
Apple Pay
Android Pay
Garmin Pay
PayTM

KYC/AML services

Onfido
Veriff
Ondato
Shufti Pro

Credit rating platforms

FICO
Experian
Equifax
Local credit bureaus

Accounting software

Quickbooks
Xero

Testimonials

Here’s what our clients say about the quality of digital wallet solutions and the overall experience of working with RNDpoint experts.

Why RNDpoint

Extensive BNPL experience

RNDpoint has been operating in the BNPL field since 2014. Our experts have developed more than 120 successful projects for different types of organizations.

Fast and simple integrations

With our proprietary platform ProcessMIX, we speed up the integration process 3x as compared to previous implementations that our clients have experienced.