Buy Now Pay Later Integration
Buy Now Pay Later Integration
BoatyardX partnered with our client, a global payments company, to assess how best to integrate Buy Now Pay Later (BNPL) services into the Payment Gateway in order to deliver a more streamlined service to merchants.
INDUSTRY
Payments
LOCATION
Global
Key Challenges
- There are a growing number of “Buy now-Pay later” providers operating in different markets.
- Each provider has different features and integration requirements which adds complexity to providing an integrated solution for merchants.
Solution
- Reduce the complexity of integrating with multiple BNPL providers by evaluating and defining the best approach to drive efficiency and scale.
- An enhanced offering to merchants, enabling them to access the “Buy Now Pay Later” provider without the overhead of individual integrations with each BNPL provide
Business Benefits
- Enable BNPL providers to increase market share through access to a wider pool of merchants.
- Enable merchants to reduce the complexity of integrating with multiple BNPL services in different markets.
- Reduce the integration time for onboarding new BNPL providers into the payment gateway.
Discovery Project Overview
Over a short 8-week engagement BoatyardX worked collaboratively with the client team to complete a technical review and analysis followed by a planning exercise to deliver an agreed design and implementation plan, including build estimates, to enable the client to move directly to implementation.
The key activities completed were:
- An assessment of the existing design for a single BNPL provider.
- Analysis of 5 additional BNPL providers to identify a common requirement set, this included both desktop research as well as workshops with selected providers.
- Development of a series of implementation options which delivered against the client’s strategic objectives taking into account existing resource capacity and development release cycles.
- Developing a delivery plan including estimates for the selected implementation option to support senior stakeholder communication and buy-in.
The Outcome
Through a structured process BoatyardX supported the client in developing a logical incremental approach to BNPL integration. Our analysis which included both desktop research as well as technical deep dives with a targeted set of BNPL providers ensured the team had the necessary data points to made a reasoned and defensible decision on their approach to BNPL integration.
BoatyardX Services
- Discovery Services
- Product strategy
- Technical Assessment
- Delivery Planning
