Paymentology has introduced its new platform PayCredit to enable credit innovation for digital banks and fintechs. Paymentology, a global issuer processor, created PayCredit to make credit ledger management and card issuing easier.
As consumer demand shifts, legacy credit systems struggle to support both revolving and installment credit models. PayCredit addresses this gap by providing a cloud-first solution that supports credit billing cycles, installments, “buy now, pay later” (BNPL) options and real-time balance tracking.
According to Rob Macmillan, Group Product Manager at Paymentology: “We saw that many neobanks and fintechs want to offer credit, but existing solutions lack a key credit ledger feature. With PayCredit, we’ve built a modern, cloud-first credit capability that gives them the control, flexibility, and speed to launch smarter credit products, without the usual complexity.”
The platform integrates card issuance, supports digital wallets (e.g., Apple Pay, Google Pay, Samsung Pay), and offers customization of limits, interest rates, billing cycle, and repayment models via a single API. It also includes UAT simulation testing to validate months of transaction processing in minutes.
Jeff Parker, CEO at Paymentology, added: “As expectations shift, issuers need infrastructure that can keep pace, and credit systems built on debit rails simply can’t deliver. PayCredit gives our clients the ability to launch and scale credit offerings quickly and responsibly, with full control over the experience and economics.”
Already deployed by fast-growing digital banks, PayCredit enables issuers to offer credit products without building full-scale lending infrastructure. As a result, issuers accelerate time-to-market and open new revenue streams in markets where debit-only offerings limit growth.
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News Source: Businesswire.com