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Jifiti expands its partnership with Mastercard to Scale Point of Sale Financing Solutions

September 08, 2020 / Business Wire
SHARESHARESHARE

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. Point-of-sale (POS) financing is growing 20% a year in the U.S. with similar growth rates found in Europe, Asia and Australia. Globally, it is predicted to grow to $2.52 trillion in 20221. Jifiti’s technology is supporting that growth – consumers are connected to a variety of lenders, giving them a choice of financing options for their purchases, and allowing them to plan and manage repayments over an extended period.