BNPL Fintech Jifiti launches first-of-its-kind split payment solution
jifiti, a leading fintech company, today announced the launch of the industry’s first white-label split payment solution, which will complement its existing BNPL offerings platform. The company is already facilitating point-of-sale financing for leading banks and merchants around the world through its white-label platform, allowing them to easily deploy and scale any consumer lending program at any point of sale. sale.
While there are many direct-to-consumer split payment solutions already available on the market, Jifiti’s solution is unique in that it is both white label and ready to use. Jifiti customers can now offer split payments under their own brand without involving a direct-to-consumer fintech, thereby retaining full ownership of their customer experience, data and brand image.
Jifiti is rolling out with multiple partners in multiple markets and will live with Universe, the financial services company of sonae, a leading global brand, in the first quarter of 2022. Universo is rolling out its split payment solution, UNI flex powered by Jifiti, across multiple retail brands.
“We are proud to offer split payments to retail customers as an additional and innovative payment method. By using Jifiti’s technology, we are able to provide all customers with innovative payment methods while retaining ownership of the brand and data at checkout,” explained Carlos B. David, general manager of Universo.
Banks, lenders and merchants have the ability to provide the full range of BNPL products, from installment loans and lines of credit to split payments by integrating once into a single platform. With a diverse BNPL product set, partners can cater to a variety of consumers and capture a wider market share.
The split payment solution is ready for immediate implementation by any entity striving to offer their own fully functional split payment product to consumers online, in-store and through a call center. The solution supports the full range of integration options, including zero-integration virtual card technology enabled by Mastercard.
“Facilitating split payments is an essential step in enabling businesses to responsibly offer a full range of accessible and affordable financing solutions to consumers. We are proud to propel this payment revolution with our partners in international markets,” said Yaacov Martin, CEO and co-founder of Jifiti.