Boost conversions by offering a flexible payment option that removes financial barriers for customers.
Higher average order value
Customers can purchase higher-value items with affordable EMIs, increasing your overall revenue.
Improved customer satisfaction
A smooth and convenient payment experience leads to happier and more loyal customers.
A product benefiting the BNPL ecosystem
Higher affordability enablement with aggregation & benefiting all stakeholders
OEM
Relying too heavily on a small number of lenders leads to operational challenges, limited sales approvals, and inconsistent promotions and communications.
Servify offerings helps OEM with:
Increases hero products and bundled sales
Aggregation simplifies operations
Quick GTM by leveraging Servify’s existing reseller partnerships
Lender
Many lenders face challenges due to the lack of OEM/reseller relationships, high operational costs linked to foot-traffic distribution, and the inability of region-specific lenders to meet the demands of pan-country programs set by OEMs.
Servify offerings helps lender with:
Opportunity to work with more OEMs
Increase footprint across channels and geographies
Only build core digital functions e.g. KYC, Credit Decisioning
Integrated digital journey - additional insights from the Servify platform
Retailer
Challenges include limited approvals from a select few lenders leading to potential sales loss, the need for rotating feet-on-street for stores with lower sales volumes impacting affordability sales, higher operational costs associated with engaging multiple lenders, and lack of control or margin on products cross-sold by Field Sales Officers (FOS).
Servify offerings helps retailer with:
One relationship that enables them to scale business
Enablement for both high and low volume stores: Self-service model available; removing
Higher margins through bundling of care products and VAS
Customer
Strict eligibility criteria coupled with reliance on "first available" offers instead of securing the "best" option, along with hard credit inquiries impacting scores and exclusion of VAS products from loan value, creates a suboptimal financing experience.
Servify offerings helps customer with:
Better chances of approvals
Easier and faster loans journey
Assisted and non-assisted journeys to suit all types of customer persona
Lender aggregation platform
Instant & paperless
Large customer base
One single journey for buyback, sale, protection
Quick disbursal
Bundled loan with protection
Compliant with regulations & norms
Quick scale up with existing OEM & reseller partnerships
