COLUMBUS, Ohio, Jan. 23, 2020 /PRNewswire-PRWeb/ -- Jifiti
announced today that its no-integration point of sale credit
solution is officially available for merchants and banks in
Portugal. The platform enables
banks and lenders, via a single integration, to launch a fully
branded POS financing solution for any retailer without further IT
or integration resources. The turn-key solution includes a fully
customizable front end for customers while enabling lenders to
easily scale their point of sale lending business with a quick to
market time for any retailer.
Jifiti's seamless point of sale credit solution, through the use
of virtual card technology, is already being used by global retail
brands and leading banks across Europe and the US. It drastically shortens the
lengthy and complex process of integration when implementing a POS
financing solution both online and in-store.
Banks and lenders are able to utilize the platform to scale
their loan program by onboarding and launching a POS loan program
for any merchant within a matter of days. Leading European banks
are already offering loan programs at merchants' point of sale via
the Jifiti platform.
Merchants enjoy the benefit of increasing sales both online and
instore by offering a fully branded pay-over-time solution without
the need to dedicate IT resources or implement new hardware.
Through Jifiti's partnership with Mastercard, funds are seamlessly
transferred to the merchant as a regular transaction no matter what
type of point of sale system is used.
"We're proud to be partnering with world-class retailers and
banks in the European market." shared Yaacov Martin, Co-Founder, and CEO at Jifiti.
"Together we are bridging the gap between retailers, consumers, and
lenders by offering a zero-integration platform. The focus is to
make banks' financing options easily available at any point of
sale, without the hassle and complexities of integration
processes."
Simon Forbes, Senior Vice
President, Business Development, Merchants at Mastercard Europe
added: "We are delighted to collaborate with Jifiti in Europe as this partnership allows us to
deliver seamless check-out financing experiences for consumers.
Jifiti's ease of integration with both retailers and lenders,
coupled with Mastercard's virtual prepaid card technology, enables
consumers to make purchases, manage finances, and pay-overtime
through instantly approved installment loans. It's a win-win for
all the stakeholders."
About Jifiti
Jifiti is an emerging fintech company with offices in Columbus, Ohio and Israel. Its proprietary financing platform is
changing the way lenders and retailers implement consumer financing
at the point-of-sale. The end-to-end solution works seamlessly with
any existing POS or e-commerce system, eliminating the integration
process between lenders and the retailer's systems. Jifiti operates
in North America and Europe, supporting global retail brands and
financial institutions. Learn more about Jifiti at
http://www.jifiti.com
SOURCE Jifiti