Jifiti, a U.S.-based point of sale (POS) financing platform, announced on Tuesday it has joined forces with Mastercard to scale its point of sale installments offering to provide more options for consumers at checkout. Jifiti reported its platform is fully integrated using Mastercard’s Application Programming Interface (API) technology, enabling lenders and retailers to easily upload their loan products which are then displayed to the customer at the point of sale (POS).
Yaacov Martin, Co-Founder and CEO at Jifiti, spoke about the partnership with Mastercard by stating:
“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.”
Zahir Khoja, Executive Vice President, Merchant Solutions and Partnerships, Mastercard, added:
“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.”
Founded in 2011, Jifiti reported its no-integration retail solutions offer retailers and brands advanced monetization through innovative stored-value services in-store and online. The platform includes mobile apps (iOS/Android), web, mobile web and in-store kiosks.
“The system requires no system integrations and enables any retailer to take part in the incredible gift registry market by launching their own system within a very short amount of time.”