Online merchants can now leverage the 'Buy Now, Pay Later' (BNPL) payment method provided by LHV as "LHV Instalment," catering especially to the shopping habits of younger consumers. This method, which allows consumers to receive goods immediately but pay later in instalments, is growing in popularity amidst economic uncertainties and rising interest rates. It accounted for 5% of global e-commerce transactions last year and is projected to increase significantly. Integrating LHV instalment into an online shop is straightforward, compatible with major platforms, and aimed at reducing cart abandonment by offering flexible payment options. This service not only attracts a younger demographic but also supports merchants in expanding their customer base by meeting contemporary shopping preferences.
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