An instalment is a type of BNPL product. In this arrangement, card issuers can choose to have the execution of the payment claim on a fixed day each month while retaining the freedom to select the length of the total amount of instalments they wish to provide to the end user (e.g., a four-month instalment). This feature can be of high value for the end user since it provides a clear understanding of their monthly payment obligations. The end user will, for example, receive the invoice on the same date every month, which makes it easier to plan finances and budget effectively.