Citi creates an embedded payments suite using POS installment loans and credit lines

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By giving retailers the option to offer lines of credit and installment loans at the point of sale, Citi Retail Services is enhancing its embedded payments capabilities.

The first option is Citi Pay Credit, a credit card that can only be used online and a separate line of credit for customers to use at participating merchants. Customers can apply and receive instant approval at the checkout.

Following this in a short while will be Citi Pay Instalment Loan, which will allow customers to make purchases through regular payments spread out over a period of six to sixty months, depending on the retailer.

Read More: Citi builds embedded payments suite with POS instalment loans and lines of credit

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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