ACI Worldwide has launched a new Buy Now, Pay Later (BNPL) solution for merchants and payment service providers.

The new solution enables companies to offer their customers a choice of 70 BNPL options.

ACI PayAfter is displayed at checkout and has one application form and a single credit check.

"With ACI PayAfter, merchants and PSPs can provide their customers with a more inclusive experience and a wider choice of BNPL options that suit their needs, leading to fewer abandoned carts," said Andrew Quartermaine, vice president, ACI Worldwide. "The BNPL market locks out approximately 40 to 50 percent of potential consumers, including the younger generations who aren't interested in owning credit cards and the unbanked and underbanked population, many of whom are credit-worthy customers."

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