Instant payment is possible!
Paynet, a B2B and B2B2C payment systems company, has implemented the Instant Digital Loan solution offered by banks with Masterpass technical service provider, the card storage solution offered by Mastercard for consumers who avoid using their entire credit card limit for shopping or who have limit problems. Within the scope of this service, Paynet offers consumers instant digital loans through contracted banks, and consumers, who have the opportunity to pay in a few seconds, complete their shopping without interruption.
Instant Digital Loan, which Masterpass provides the technical service for, comes into play when the consumer does not want to use their credit card limit or when the card limits are insufficient. In such cases, consumers working with contracted banks can apply for a loan online and make the payment instantly in-store or remotely. The advantage of the Masterpass Instant Digital Loan solution is that consumers do not need to go to the bank in any way or can sign contracts electronically without the need for a signed contract. Paynet member businesses do not lose sales due to the insufficient limit of their consumers thanks to Instant Digital Loan. Instant Digital Loan provides the opportunity to complete the payment completely digitally, instantly and in a few seconds. Instant Digital Loan can be used in all transactions between 750 TL and 30 thousand TL, and in accordance with the regulations of the Banking Regulation and Supervision Agency (BDDK), installments can be made up to 36 months.
Paynet CEO Serkan Çelik said that they observed that customers often have limit problems during card payments or that they avoid using their entire credit card limits for shopping, so they implemented the fast loan application used in abroad.
Mastercard Turkey and Azerbaijan General Manager Yiğit Çağlayan stated that: “We make sure the financial data of the users is under their control with such pioneering services and services that will lead the development of the open banking ecosystem.
In line with this mission, the Instant Digital Loan service we provide with Paynet plays an important role in the deepening and expansion of the financial technologies market, and will add value to the digital economy by optimizing the trust and customer experience between customer workplaces and consumers in the ecosystem.”
The consumer will be able to use the loan by submitting their request from a Paynet screen or another screen integrated with Paynet. Whether you want to integrate with a different screen or use Payportal screens; in both cases, an SMS will be sent to the consumer. When you click on the incoming link, the common payment screen will open. The transaction amount and the list of banks will be displayed on this co-payment page. The consumer will choose one of the banks and view the loan alternatives. At this stage, they will use their loan by confirming the contract on the Masterpass screen that opens. Thus, thanks to Instant Digital Loan, the consumer will be able to complete their shopping without interruption in seconds by using the loan.
