Your Challenges
Many eCommerce providers would like to offer consumers better service and gain revenue by offering a slight delay of the payment because they possess liquidity nowadays. It all shall happen quickly, online and secure. You have to be sure about the credit worthiness of the buyer.
Automated credit check and risk measurement
Automated analyse of internal and external data (credit records, sanctions, PEP etc.), to reduce fraud and NPLs, while retaining human judgement for special cases
Increase efficiency
Create fully automated processes to deliver cost efficiency and free-up staff to focus on more value driven activities. Increase of revenue enables you to gain profit on purchase of goods.
Client engagement
Easy pre-deal management - customer onboarding, modern KYC, automated credit decisions and self-service for providing overview about the purchases and payment history.
Solution
Buy Now, Pay Later financing provide consumers the option to split a purchase with interest-free financing for a certain time period while allowing the consumer to receive the product now.
Hire purchase is an arrangement for buying expensive consumer goods, where the buyer makes an initial down payment and pays the balance plus interest in installments.
