Tap Now, Pay Later™ for Google Pay
Convert customers from 'Lend to Spend' via Google Pay
Banks & lenders can easily provision their consumer and business loans into Google Pay with our industry-leading Tap Now, Pay Later™ technology.
Zero integration required.
What is the Google Pay Opportunity?
Digital wallets are the fastest-growing payment method in the world, accounting for $14 trillion in global payment volume per year. Google Pay alone has 150 million users worldwide.
That’s where Jifiti comes in – our Tap Now, Pay Later™ technology enables your customers to add your approved loan into Google Pay via virtual card so they can easily ‘tap to pay’ like with any regular transaction. Instead of using their credit card to pay, they’ll use their loan funds.
Same payment process, different credit source.
Why Use Tap Now, Pay Later™ for Google Pay?
Increase your credit utilization rates
Convert more customers from ‘lend’ to ‘spend’ through a seamless user experience.
Increase customer adoption rates
By giving customers their preferred way to pay, you can appeal to a wider customer base.
Gain presence in the customer’s digital wallet
Be top of customer mind by being present in their all-important digital wallet via your branded virtual card.
How to Tap into the Google Pay Opportunity
Tap Now, Pay Later™ works seamlessly with Google Pay, and is a component of our white-labeled end-to-end embedded lending platform.
Our platform is modular, providing every technological tool you need to distribute, originate, approve, disburse and service your loans.
This means that you can convert more customers from ‘lend’ to ‘spend’ through a single platform.
Want to get to market quickly?
Built on top of our proprietary virtual card solution, leveraging the world’s most trusted payment rails, Tap Now, Pay Later™ requires zero integration with the merchant and can go live within hours.
Want to discuss the Google Pay opportunity?
How Tap Now, Pay Later™ Works
1
Virtual card issuance
Customer applies for financing online, in-store, in-app or via call center, gets approved in real-time, and is immediately issued a virtual card linked to your loan program.
2
Digital wallet web provisioning
At the click of a button, the customer can add the virtual card to their Google Wallet directly from their web-based loan application. No app download needed and the customer doesn’t even need to view the card.
3
Customized release of funds
Customer ‘taps to pay’ using their loan funds. Every transaction is checked, in real time, against the customer’s loan/credit terms, applying the right amount based on pre-defined parameters.
Key Features of Tap Now, Pay Later™ for Google Pay
Quick time to market
White-labeled
Works anywhere that accepts Google Pay (online, in-store, in-app and more)
Supports all B2C & B2B loan types
Zero integration required
Usable across various brands/stores
Innovative web wallet push provisioning - no app download
BAU with zero reconciliation for the merchant
Iron-clad safety measures
Why Merchants Love Tap Now, Pay Later™
1
Works seamlessly with the merchant’s existing systems.
2
‘Business as usual’ for cashiers, like a regular card transaction using Google Pay.
3
Can be limited for use only at the merchant’s own stores.
