Jifiti partners with Mastercard to scale its point of sale installments offerings

By Pavithra R

Jifiti providing an end-to-end consumer financing solution for banks and lenders that requires zero POS integration, has announced the expansion of its partnership with Mastercard supporting both merchants and issuers to scale its point of sale (POS) installments offering to provide more options for consumers at checkout.

Point-of-sale financing is growing 20% a year in the U.S. with similar growth trajectories in Europe, Asia, and Australia. As more and more people enter the digital economy, credit and consumer financing is evolving, providing increased flexibility for people, catering to new shopping trends and behaviors, and empowering retailers with new experiences. Jifiti’s technology gives consumers the choice of financing options for their purchases and allows them to plan and manage repayments over an extended period.

“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. 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 out shopping experiences that their customers will love. Together we will make that more accessible to banks, merchants and consumers,” said Yaacov Martin, Co-Founder, and CEO at Jifiti.

Jifiti’s platform is fully integrated using Mastercard’s Application Programming Interface (API) technology, enabling lenders and retailers to upload their loan products quickly, which are then displayed to the customer at the point of sale (POS). Jifiti’s zero-integration solution enables retailers to implement programs with least IT resources or systems integration.

“Mastercard is creating a future where payments keep pace with the way we live, work and do business. We are constantly working to provide responsible options for consumers in how they manage their finances and spend, while providing more flexibility, control, and transparency. Our work with Jifiti and the wider consumer financing ecosystem continues to accelerate as we deliver innovative solutions and credit options in the moment consumers are seeking them,” said Zahir Khoja, Executive Vice President, Merchant Solutions and Partnerships, Mastercard.

Recently, Mastercard partnered with Global Payments’ TSYS to expand installment offerings.

Founded in 2011, Jifiti is redefining retail experiences with unparalleled data & technology. It’s no-integration retail solutions offer retailers and brands advanced monetization through innovative stored-value services in-store and online.