Paynetics has developed an attractive offer for the lending to both consumers and corporates on the basis of its end-to-end payments capability and a mobile banking proposition. We provide the payment rails for both disbursement and collection of loans. We supply wealth of transaction data, allowing improved underwriting. Our products can be utilized through the available APIs and also through our white label digital payment app. Our virtual cards issuance brings consumer lending and BNPL to the digital age and allows scalable cross-border operations.
API connectivity / White label solution / On-the-fly virtual cards
License allows scalable Cross-Border lending
Increase client loyalty and generate additional revenues
As an e-money institution, passported across the EU, we are able to offer lending products across borders without the need for country-by-country licensing. This allows our partners with Pan-European strategy to expand and scale up much faster. Even if lending is not the core product of our partner, they can very quickly start with a POC, test the adoption and performance and quickly scale up after that.
A new way of communicating
Once the program is up and running our partners benefit from an uninterrupted access to data, enhancing operational excellence and allowing them to have attractive propositions to their end clients. The data empowers our partners to better understand the needs of their clients and modify and supplement their product offering accordingly.
Moving the credit proposition to a fully-fledged mobile banking app enriches the customer engagement and allows lenders to have a more meaningful dialogue with the client.
Rather than waiting for the consumer to get in touch with them or spending a lot on marketing campaigns, they are now able to offer proactively tailor-made suggestions to the client when and where they need the extra funding. Apart from substantially improving upselling, this approach creates a new type of relationship between the consumer and the lender, which is based on better understanding, more frequent communication, deeper loyalty and more frequent interaction.