Payment acceptance solutions provider, Ingenico, has partnered with white-labelled embedded lending fintech, Jifiti, in a global alliance. Specifically, the partnership enables merchants to seamlessly offer financing options, provided by accredited financial institutions and enabled by Jifiti, through Ingenico’s innovative cloud-based Payments Platform as a Service (PPaaS).
The companies reference the demand for merchants to offer in-store solutions that enhance customer the experience and bolster financial resilience. The Ingenico-Jifiti partnership introduces a range of critical advantages tailored to address the current economic context.
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Jifiti: giving merchants access to loan programmes from trusted local lenders
Jifiti’s white-labelled platform supports every B2B and B2C point-of-sale financing option. This includes instalment loans, lines of credit, net terms and split payments. With its global presence, Jifiti gives merchants easy access to loan programmes from trusted local banks and lenders.
The partnership achieves a significant breakthrough by simplifying integration through the powerful capabilities of PPaaS. This empowerment extends to Jifiti’s embedded lending platform. This means that banks, acquirers, and merchants can easily activate their point-of-sale financing offerings with a seamless configuration process. As the solution is white-labelled, the financing offering can be integrated natively within the customer journey, in-store and online. The result, say the companies, is deepening customer relationships and long-lasting brand loyalty.
The customer journey is simplified to a scan of a QR code on Ingenico’s AXIUM range of payment terminals. This is facilitated through their smartphone. This process allows them to complete the transaction, using their pre-approved credit. For the merchant, closing the transaction and processing the payment is business-as-usual. This mirrors the ease of any other payment method facilitated through Ingenico.
Ingenico PPaaS solution: empowering merchants, banks and acquirers
Ingenico’s cloud-based PPaaS solution empowers clients to deploy a comprehensive array of payment options and value-added services. These are available on AXIUM, Ingenico’s Android range of payment terminals.
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By GlobalData“Through our partnership with Jifiti, we are eager to equip banks, acquirers, PSPs, and ISVs, who serve as the direct partners for these merchants, with the tools to strengthen their customer relationships, boost revenues, and drive sales through flexible payment options. As a global leader in payments, we are dedicated to providing value-added products and services worldwide. Collaborating with Jifiti is a significant step towards achieving this goal,” said Giulio Montemagno, General Manager of PPaaS at Ingenico.
Yaacov Martin, CEO of the Jifiti Group, added: “At Jifiti, we believe that the best value to our customers comes through close partnerships with like-minded, industry-leading partners. We are proud to be partnering with Ingenico on our quest to fuel growth for merchants across every consumer and business customer channel.”
