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APEXX Global Introduces Buy Now Pay Later Aggregator
APEXX's new Aggregator will enable merchants to use a single API to access multiple BNPL solutions that have signed up for the product, as well as other APEXX services.
FREMONT, CA: APEXX Global ("APEXX"), the multi-award-winning global payments platform, is introducing the first of its kind Buy Now Pay Later ("BNPL") Aggregator for merchants.
As more people turned to online shopping during the coronavirus pandemic, BNPL products grew in popularity, and as a result, a growing number of businesses around the world are now looking to provide several BNPL solutions to attract new consumers, enhance the shopping experience, and meet varying consumer buying needs.
APEXX's new Aggregator will enable merchants to use a single API to access multiple BNPL solutions that have signed up for the product, as well as other APEXX services. As a result, customers all over the world will be able to choose from a variety of BNPL plans and choose the most flexible package that better suits their financial needs. APEXX and its BNPL partners endorse and are compliant with the legislation that will be implemented in the BNPL sector in the UK and elsewhere.
APEXX is integrating and collaborating with more than a dozen BNPLs around the world that are best in class in their respective markets and deliver the broadest range of consumer goods.
So far, APEXX's BNPL Aggregator has signed up Openpay, Afterpay, a business unit within Arvato Financial Solutions, ClearPay/AfterPay, Tabby, and Zip.Co, with more to come across 2021. Consumers in Europe, the United States, Canada, Australia, New Zealand, the United Arab Emirates, Saudi Arabia, South Africa, and Mexico will have a variety of funding options thanks to this initial sign-up of BNPLs.
Rodney Bain, Managing Director and Co-Founder at APEXX, stated, "We're delighted to be launching this product which is the first of its kind in the BNPL marketplace. The Aggregator will be able to help consumers manage their finances whilst enabling merchants improve their eCommerce offerings by accessing the widest available global range of BNPL providers. With the increased popularity of BNPLs, it's important to ensure that consumers are being protected and offered responsible lending that they can afford to repay. Our independent, partner-agnostic, and integrated solution supports that objective."