Draft:PayPo

== PayPo is a provider of deferred payments (shop now-pay later) in Poland, operating as a fintech since 2016. It was founded by Radosław Nawrocki and Tomasz Hadzik. ==

ACTIVE USERS
This is the most popular BNPL method in Poland, with over 1 mln active users.

PayPo allows shoppers to pay in 30 days or split the purchase in several instalments (depending on the order value, from 3 to 12 instalments).

HOW IT OPERATES
In May 2022, PayPo introduced a new solution for flexible installment payments. In most stores, the system determines the number of installments based on the order value. The higher the transaction amount, the more installments the system allows, spreading the payment over 30 days. For payments up to 250 PLN, four installments are available; for amounts between 250 PLN and 400 PLN, five installments; and for transactions above 400 PLN up to 3,000 PLN, six installments. If you choose to settle the amount earlier, PayPo won't charge additional costs because the commission is calculated on the day of the transaction's full repayment, and a portion of it will be refunded.

PayPo, along with Blik and Autenti, is one of the companies in which Alior Bank has made investments. PayPo in 2023 got a 3rd place in an annual Deloitte programme "Technology Fast 50 Central Europe 2023 ".

OPERATING COUNTRIES
In 2021, the company started oparating in Romania.

PayPo in Poland is cooperating with over 25 000 shops.

IMPACT ON CREDITWORTHINESS
Having an open purchase limit with PayPo is not shown as a credit obligation, thus it does not impact your creditworthiness.

SECURITY
Primarily, the tripartite security framework comprises an anti-fraud system, followed by an Anti-Money Laundering (AML) system, and lastly, a scoring system designed to assess the consumer's creditworthiness. This intricate trilateral apparatus operates in seamless symbiosis, collectively arbitrating the decision-making process regarding the provision of financial assistance to the consumer and the quantification thereof.