It also reduces returns and the use of cash on delivery, which is so costly for retailers. When customers opt to pay with Mokka they tend to order more products, with higher values. We work with retailers to anticipate shopper behaviour and deliver exactly what they need. Mokka is a flexible, omnichannel service with many benefits for retailers. What benefits get the merchants when implementing the Buy Now, Pay Later financing solution? They are looking for value and an excellent experience when shopping online and in traditional stores. Interestingly, despite the fact that, of course, Eastern Europe has a certain unique typology, the customer, this digital customer, this Millennial Gen-Z customer behaves just like anywhere else in the world. So, people between the ages of 23 and 38-39 – this is very similar to BNPL users around the world. The core BNPL shopper is in this Millennial – Generation Z group. The typical shopper with BNPL in Romania tends to be younger and digital native. In markets such as the US and Australia, an overwhelming percent of top retailers have already introduced Buy Now Pay Later. In addition to the market’s need for an alternative to credit cards and conventional payment methods, the rise of BNPL can also be explained by the continuous refinement of technology, which radically transforms the shopping experience. Retailers have also immediately discovered the benefits of this service – increasing the average check and conversion rate for merchants. Buy Now Pay Later offers all these facilities. Needless to say, it has to be completely digital, with instant approval, and installments that can be paid easily preferably on the mobile device. Customers needed an alternative payment method to the traditional ones, one that is easily accessible, transparent and without hidden costs. The success of Buy Now Pay Later can be easily explained – it is a necessary service, that the whole market, shoppers and retailers alike, have been expecting.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |