Tag: Jifiti

Mastercard Delves Deep Into POS Financing With Fintech Jifiti

Mastercard Inc. MA has expanded its partnership with fintech company Jifiti to continue providing point of sale (POS) financing. The agreement allows both merchants and issuers to offer credit and consumer financing to Mastercard holders.

POS  financing is a kind of buy-now-pay-later (BNPL) facility. BNPL space as a huge market opportunity and is likely grow further. Per the company’s research, nearly three-fourth consumers interested in installments prefer the feature to be added to their existing card. Also, three of four Americans who tried the installment plans for the first time during the pandemic intend to continue doing so after the coronavirus dies down. This reflects customers’ growing desire for such solutions.

Given that e-commerce gathered much steam after the COVID-19 outbreak, buyers resorted to online buying. They are also demanding financing support as most of them are facing financial constraints from job losses, low earning from business, etc. This staggered

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Jifiti Partners with Mastercard to Scale Point of Sale Consumer Financing Solutions

The MarketWatch News Department was not involved in the creation of this content.

As more people enter the digital economy, credit and consumer financing is evolving – providing increased flexibility for more people, catering to new shopping trends and behaviors, and empowering retailers with new experiences. To meet shifting consumer demands, Jifiti has today announced the expansion of its partnership supporting both merchants and issuers with Mastercard, to scale its point of sale installments offering to provide more options for consumers at checkout.

“We’re proud to be expanding our partnership with Mastercard, a global payment and technology company that is so committed to delivering value to merchants and consumers,” shared Yaacov Martin, Co-Founder and CEO at Jifiti. “Together, we are bridging the gap between merchants, consumers and lenders by offering a minimal-integration platform. The key to success in the retail space is the ability to quickly test, launch and roll

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