Banking & Finance
Build Customer confidence by introducing the most friendly collection gateway
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P-PAYprovides for a robust financial payment-gateway for borrowers.The objective of the platform is to ease the loan payments for the active borrowers/defaulters who are not capable of paying their dues on time thus reducing chances of default by up to 75%. The user subscribes to the service on the lenders app and immediately gets the P-PAY LIMIT which reduces the original principal owed, while charging a transaction commission to the user.
Customers pay to yourloans effectively within their financial cap. Monitor their scheduled payments and issue them with Limits within their capabilities and minimize default rate.
Efficient and Effective as we do instant reconciliation of your against your master Loan book and result effect realised immediately on the graph as transactions continue to pile.
We are automated digitalized Loan Recovery system that requires no Human intervention and thus reducing labour cost incurrred in existing brick and mortar models.
P-PAY VIRTUAL ACCOUNT is an electronic virtual account that is mapped to the P-payledger bank account that P-pay uses for B2C transactions. The amount credited in the account by the lender is reflective electronically in the P-pay wallet but can only be circulated inside the lenders payment gateways.
P-PAY api Enables the Lenders to request for access token and allow P-pay to pull the data of the defaulters/struggling customers who subscribe to the service for P-pay to calculate and inform the subscribed customer of his P-pay limit Immediately. Check the developers docs for more.
Imediately a secure end to end encripted transaction is made,the Customer recieves the balance of the Funds(after deduction). A new loan account is created immediately and mapped to the account that recieved funds for future payment next month.
P-PAY operates on transaction based model depending with the amount offset-on behalf of the defaulter/struggling customer The charges are customer friendly and lenders incur nothing as the fees are charged to the client for using the service
Opt in on your lenders app and get instant P-PAY limit
CEO & Founder
Operations & Co-Founder
Marketing
IT Solutions Architect
Nairobi, Kenya
+254 0720 374 988
info@p-payglobal.com
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