The payment institution Eupago announced this Monday, November 3rd, a partnership with FLOA, fintech from the BNP Paribas group specializing in fractional payments, also known as “Buy Now, Pay Later” (BNPL), or “buy now, pay later” in Portuguese.
With this new collaboration, merchants using the Eupago platform will be able to offer their customers the option to pay in installments, increasing flexibility in transactions.
Telmo Santos, CEO of Eupago, states, in a company statement, that “Eupago has always been synonymous with flexibility and security in payment methods. With the integration of FLOA, we become even more competitive in markets with higher average purchase values”, he adds.
Pamella Carvalho, Sales Director of FLOA, highlights that “at FLOA, we constantly seek to simplify the lives of merchants and consumers. The integration with Eupago reinforces this objective, by allowing a seamless experience checkout more fluid and a fast and safe technical implementation, highlights in the same document.
According to the press release, the advantages of this new option include the possibility of dividing the purchase price into several installments, which can reduce cart abandonment and increase sales, especially for higher values.
Furthermore, the functionality quickly integrates with systems already used by merchants, ensuring security and compliance with European payment and consumer credit standards, under the supervision of Banco de Portugal, highlights the statement.
The BNPL model is growing rapidly in Europe, with a compound annual growth rate (CAGR) of 25.2% predicted between 2025 and 2033, according to Grand View Research. FLOA has reinforced its status in this segment, with more than 12 million customers and a presence in 10 countries, including France, Belgium, Spain and Portugal.