Qorus Banking Innovation Awards 2023

“CeroPay”: a BNPL proposal from Banco de Bogotá.

Submitted by
premium
Q+
21/09/2023Banking Innovation

About

We wanted to empower customers to materialize their purchasing decisions, generating at the same time further financial inclusion, this due of 30% of the Colombian population does not have access to formal financial or credit resources, this due to a limited to a segment that does not have the financial resources needed to immediately afford products or services. We wanted to provide customers a convenient and a additional solution for their needs by using interest-free credit with our “Buy Now Pay Later” solution: “CeroPay”. Furthermore, this solution aids Banco de Bogotá allies businesses to increase customer attraction, both at physical stores and via e-commerce, generating turnover inventory and more availability of payment methods for their customers.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

12/06/2025Banking Innovation

Instant Vehicle Loan

Instant Vehicle Loan is a fully digital, time-saving solution that lets our customers apply for and use vehicle loans through...

12/06/2025Banking Innovation

MAF Share Credit Card - Product Launch

The Emirates NBD Majid Al Futtaim (MAF) Share Card launch, featuring the "Beat It" campaign, revolutionized retail shopping. Offering an...

12/06/2025Banking Innovation

Cash Manual Payments Extraction and Processing with AI

DBS Bank's IBGO revolutionizes manual payments with Generative AI. Say goodbye to manual data entry and hello to automated efficiency,...

12/06/2025Banking Innovation

Wenia

Wenia, from Bancolombia, is the secure and regulated gateway to the crypto world. Buy, sell, and store digital assets like...

Related news & insights

Digital Reinvention
10/06/2025Article

Mortgages – Ready for digitization

In this article, we aim to lay a comprehensive framework to innovation covering three dimensions - business model, organizational capabilities,...

SME Banking
10/06/2025News

Deutsche Bank and Ant International partner to advance cross-border payment innovation

Blockchain and AI-powered solutions aim to streamline global treasury operations.

Digital Reinvention
09/06/2025Article

Access Bank: Betting big on digital distribution

Access Bank, one of Nigeria's top financial institutions, is prioritizing digital transformation in its pursuit of becoming one of the...

Digital Reinvention
09/06/2025News

CommBank expands Yello Program with more perks and simpler access

New tiers and streamlined eligibility aim to broaden customer reach.