BNPL creates a new and flexible revenue stream by enabling businesses to enhance buying options for a frictionless customer experience. Opus empowers financial services providers to maximize existing lending capabilities, with real-time credit decisioning and exercising overdraft limits while ensuring compliance with the complex regulatory framework.
Transform traditional credit mechanisms to enhance lending capacity and risk appetite for financial services providers
Virtual cards are a secure and convenient way of managing personal and business-related payments digitally. Opus facilitates banks, and FinTechs to issue virtual cards to provide a flexible and contactless mechanism to make payments with advanced technology solutions.
Issue virtual cards promptly and push them seamlessly to virtual wallets for contactless card payments
The need for hygienic and high-speed transactions popularized contactless payments. These require ensuring security and frictionless customer experience while conforming to compliance and industry standards. Opus drives the integration of contactless technologies, such as NFC, Bluetooth, and RFID to empower banks and Fintechs to offer multi-channel contactless payment facilities.
Provide expertise in recognizing and implementing API-centric technology integration to offer contactless payments
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Frequently asked questions
BNPL plans allow users to make purchases and pay later in several installments, whereas credit cards let consumers pay over an extended period with some minimum monthly payment proportional to the expenditure. While BNPL is available in real time, users need to apply for credit cards which takes some time.
B2B virtual cards are instantly created through pre-approved processes amounting to the total of the transaction. They are specific to a payer and a payee and facilitate avoiding overdrawing on the account while ensuring security.
Contactless payments are completed by simply tapping or hovering a contactless physical card or a payment-enabled mobile device, such as a phone or a watch on a payment terminal. All involved devices and the payment terminal use the same contactless payment technology to provide a secure and convenient transaction experience.
Contactless payments have many benefits – better security, flexibility, convenience, fraud prevention, and sanitation.
The different types of touchless payments that use diverse mechanisms to complete transactions are contactless cards (physical and virtual), mobile wallets, and wearables.
In the increasingly digitizing world, staying ahead of the curve means adopting cutting-edge technologies at the earliest. Contactless services do not only expedite transactions, they reduce touchpoints and improve security, facilitate brand connection and business profitability, while offering elevated customer experience.