Current Situation
Shoppers may hesitate to make larger purchases or may not have available credit to make certain purchases.
Goals and Objectives
Instant loans allows retailers to convert more baskets to sales and increase order value by offering “buy now pay later” option as part of POS. Retailers can use the network of the instant loan provider for targeted advertising messaging as well to gain new customers.
Technology Deployed
Mobility, cloud management, multifactor authentication, APIs, mobile apps managed services, mobile infrastructure and MDM/UEM, and multicloud management
Use Case Summary
Buy now pay later solutions are API based or available as a plug-in for many major ecommerce platforms for seamless integration at store checkout, ecommerce, and even tele sales.