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25 Mar 2024

Bridging Finance & Retail: The power of Banking-as-a-Service

Bridging Finance & Retail: The power of Banking-as-a-Service

Through the power of banking-as-a-service (BaaS), any retailer can provide financial services too - and the results have already been significant.

BaaS allows retailers to partner with technology and/or banking providers to offer financial products and services to end-customers. Examples include buy-now-pay-later (BNPL), loans, cards and digital wallets. When financial products and services are directly integrated by retailers into the customer journey, it is referred to as ‘embedded finance’.

In partnership with Boston Consulting Group (BCG), NatWest Boxed interviewed leading retailers across the UK to explore the value achieved from embedded finance. The study shows that retailers have reported a ~5-12% boost in conversion rates, ~15-30% increase in average order values and ~4-7% incremental revenue growth overall.

Download the white paper to explore the revenue potential, learn how you can play to win with the right embedded finance solutions and the importance of selecting the right BaaS provider.

https://www.nwboxed.com/resources/bcg-bridging-finance-retail-baas/

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