BNPL infrastructure provider Jifiti has launched Tap Now, Pay Later, which allows banks and lenders to provide their loans through digital wallets at any point of sale with partnering banks and merchants in the US and Europe.
Tap Now, Pay Later allows businesses and consumers to apply for a loan from their bank or lender and instantly receive a digital card or token in their digital wallet, which can be used to make purchases at any merchant that accepts contactless payments. The loan repayment is then integrated into the customer's banking app or account.
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