Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.
Citi's retail arm will use the Israeli company's technology, which enables point-of-sale customer financing, in an agreement estimated to be worth millions of dollars.
ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider “for its Citi Pay products, including Citi Pay Credit and Citi Pay Installment Loan.”
ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.
Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.
Merchants using ChargeAfter can offer Wells Fargo’s private label credit programs.
The partnership aims to enhance point-of-sale financing across sectors.