Testing has begun among users
The team of the largest Russian online trading platform Wildberries is preparing to launch a new option for paying for purchases. Payment for purchases in installments has begun to be tested among a limited number of users.
The press service said:
As part of the fintech direction, Wildberries is actively working to create convenient and technologically advanced financial services for buyers and sellers of the platform. We are considering the possibility of launching our own installment service using the BNPL model (buy-now-pay-later, buy now, pay later) to pay for purchases in installments without overpayments. Currently the service is at the pilot stage and is available to a limited sample of clients.
Participating users now have a corresponding button in their cart when placing an order. To work, you need a linked card or payment through a bank with SBP.
Note that the Wildberries ecosystem now includes Wildberries Bank, formerly Standard Credit.