OKQ8 Bank is one of many that has seen a great need for extended payment options in order to meet the changed consumer demand for flexible payment schemes.

Through Sileon’s scalable BNPL technology, OKQ8 Bank can expand its payment offering with direct invoicing, collective invoicing, and instalment options. The BNPL offering is a necessary complement to their existing card base and can be used across all channels.

With the BNPL technology integrated into OKQ8 Bank’s infrastructure, consumers can, for example, choose to postpone the payment due date with an invoice or split the cost into numerous instalments, i.e., 3, 6, 12, 24 or 36 months. This becomes especially convenient for expensive purchases, such as new tires or car repairs.

For additional flexibility and consumer satisfaction, collective invoicing allows the consumer to make multiple purchases during a given period and receive a single invoice at the end of the month. The payment method simplifies bookkeeping and personal funds management while also increasing consumer loyalty to the provider.