Fintech company Jifiti has introduced a new technology called Tap Now, Pay Later, which allows customers to make purchases and pay for them later without the need for a credit card or traditional loan. The technology is aimed at helping retailers and e-commerce platforms increase conversions by providing customers with a more convenient payment option.
Jifiti’s Tap Now, Pay Later technology is an example of embedded lending, where a payment option is seamlessly integrated into the checkout process. This technology allows customers to make a purchase with just a tap and then pay for it later through flexible payment options like instalments.
The technology is particularly beneficial for customers who may not have access to traditional credit cards or are looking for a more flexible payment option. It also provides retailers with a way to increase conversions and drive sales by offering customers a convenient and easy payment option.
Jifiti’s technology is already gaining traction with retailers and e-commerce platforms, with several major brands already integrating Tap Now, Pay Later into their checkout process. The company’s innovative approach to embedded lending is changing the way people shop and pay for goods, making it easier and more convenient for customers to make purchases.
Overall, Jifiti’s introduction of Tap Now, Pay Later technology is a game-changer in the world of fintech and has the potential to revolutionize the way people shop and pay for goods online. Customers can now enjoy a more convenient payment option, while retailers benefit from increased conversions and sales.
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