Buy Now Pay Later, built as one‑connected platform

How a leading private-sector bank built its own pay-later product, giving its teams the modules to manage lending, customers, and transactions, with approvals, pricing, and settlement automated and reconciled.

Pay Later Platform

Lending products, customers, transactions, one connected console.

Priya Nair |

BRE Setup

Test BRE

Workflow

Scorecard

Attributes

Rule

Workflow Output

Workflow Name

Description

Maker ID

Date

Status

Actions

User_Limit

priya.n

18/08/26

Active

PayLater_PL

PayLater Program

arun.s

18/08/26

Inactive

Pay Later Fixed Scheme

User_Limit

priya.n

18/08/26

Pending

USER_LIMITS

Individual customer limits

arun.s

18/08/26

Pending

User_Limit

priya.n

—

Draft

PayLater_PL

PayLater Program

arun.s

18/08/26

Active

PayLater_PL

PayLater Program

arun.s

18/08/26

Rejected

PayLater_PL

PayLater Program

arun.s

18/08/26

Tested

PayLater_PL

PayLater Program

arun.s

18/08/26

Rolledback

The Problem · The Transformation

From many separate modules to one unified system.

Every module the bank needs becomes part of one automated, configurable platform, from approval to settlement.

Today · The Pain

Modules from scratch

Manual approvals

Rigid pricing

Disconnected settlement

Slow release testing

The Shift

Ready lending modules

Rule-based approvals

Configurable pricing

GL-linked settlement

Test-simulator framework

Approvals, pricing, and settlement, automated and reconciled.

End-to-End

Lending platform

Real-Time

Loan approvals

GL-Linked

Settlement

30-Day

Interest-free

The Solution · Pay Later Platform

One platform to manage lending products, customers, and transactions

Approvals, pricing, and settlement, automated, configurable, and reconciled with core banking.

Priya Nair |

Submit for Approval

Workflow Name

Scorecard

Status

Attributes

Rule Group

Test Workflow

Remarks

Maker ID

Maker Date

Maker Remarks

Approved by

Approved Date

Approver Remarks

Awaiting checker review.

Governance

Maker / Checker Workflow

Rule changes flow through 4 stages with mandatory approver sign-off.

Testing

Test Before Approval

Simulate rule changes on live data before production.

Attributes

Configurable Rule Engine

Attributes, scorecards, and rule groups, no code changes needed.

Audit

Full Change Trail

Every action logged with maker ID, timestamp, and remarks.

Pricing Engine

Approval Rules

Test Simulator

Settlement Hub

See It In Action

Pay Later Platform in 90 seconds

See the platform in action, approvals, pricing, and settlement walkthrough

How It Works

Six steps from secure onboarding to reconciled settlement

The platform maps the full pay-later lifecycle onto one configurable flow, every request decided, every charge priced, every settlement reconciled with core banking.

01Onboard &
Control Access

02Evaluate the
Request

03Price &
Configure

04Disburse
& Use

05Repay or
Foreclose

06Settle &
Reconcile

Role-based access lets bank teams operate the pay-later product with the right permissions at every level.

A rule engine approves eligible loan requests in real time, up to a predetermined credit limit.

A pricing engine manages interest, fees, and waivers with configurable rules the bank controls.

Customers get an instant, interest-free credit line linked to UPI for shopping and bill payments.

Flexible EMIs and early-closure options, interest-free when repaid on time.

Settlement reconciles with core banking via the GL, with event-driven push and SMS alerts.

Onboard & Control Access

Role-based access lets bank teams operate the pay-later product with the right permissions at every level.

Evaluate the Request

A rule engine approves eligible loan requests in real time, up to a predetermined credit limit.

Price & Configure

A pricing engine manages interest, fees, and waivers with configurable rules the bank controls.

Disburse & Use

Customers get an instant, interest-free credit line linked to UPI for shopping and bill payments.

Repay or Foreclose

Flexible EMIs and early-closure options, interest-free when repaid on time.

Settle & Reconcile

Settlement reconciles with core banking via the GL, with event-driven push and SMS alerts.

Proven Business Impact

Delivered for a leading private-sector bank’s pay-later product

Built on cloud-native microservices, automated, tested, and verified for every release.

End-to-End

Lending Platform

Onboarding, approvals, pricing, and settlement, on one connected platform.

Real-Time

Loan Approvals

A business rule engine evaluates every loan request the moment it’s submitted.

GL-Linked

Settlement

Every disbursement reconciled with core banking, automatically and in real time.

30-Day

Interest-Free

Customers pay nothing extra when they repay on time, built into the product.

Buy Now Pay Later, built as one‑connected platform

Lending products, customers, transactions, one connected console.

From many separate modules to one unified system.

One platform to manage lending products, customers, and transactions

Maker / Checker Workflow

Test Before Approval

Configurable Rule Engine

Full Change Trail

Pricing Engine

Approval Rules

Test Simulator

Settlement Hub

Pay Later Platform in 90 seconds

Six steps from secure onboarding to reconciled settlement

Delivered for a leading private-sector bank’s pay-later product

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