As the name suggests, QisstPay is the fastest-growing installment payment service for emerging markets and provides the payment solution to online buyers, merchants and business partners while increasing their consumer base. It is Pakistan’s first BNPL platform (Buy Now, Pay Later) and a promising game-changer in the world of e-commerce and fintech.
BNPL or Buy Now Pay Later is a new form of service which is rapidly making waves in the business world. It allows a consumer to buy an item and pay for it later in an interest-free way, based on easy installments.
Based on this idea of potential growth and acceptance for new fintech methods, Jordan Olivas, CEO & Founder – QisstPay, has introduced an entirely new payment method in the market. “Credit card penetration is low, and cash remains king when it comes to making payments. The market clearly needs another option, which is what QisstPay aims to offer as it introduces buy now, pay later (BNPL) as a tool to the Pakistani market,” exclaims Jordan Olivas.
QisstPay allows consumers to pay for clothing, shoes and other such items on an easy installment basis on purchases as low as PKR 1,500. Through QisstPay, merchants or business owners can get their payments directly from QisstPay on time even if the consumers miss a payment.
Not only does QisstPay allow interest-free installments to its clients, but it also promotes 60% higher traffic and thereby, higher-order rates leading to an increase in sales. Talk about a win-win! By allowing BNPL services, QisstPay focuses on merchant and customer acquisition by stimulating bigger growths instead of transactional volume.