Extend BNPL to the New to Credit, Crush Payment Defaults
Datacultr's advanced phone locking mechanism can propel your BNPL business into the huge 'new to credit' segment. The platform ensures on-time payments and lower's defaults along with minimizing fraud. Rich engagement formats directly communicate with the customer on their devices, instead of calling a mobile Number, which often ends up as spam thus helping to increase your collections
Key Metrics
paymentsDrive on time
Drive on time
payments
Banks have achieved an overall 25% reduction in delinquencies
credit_scoreReduced
Reduced
NPLs
Significantly reduce overall non-performing loans (NPLs) by over 67%
add_chartIncreased Collection
Increased Collection
Efficiency
Enhance collection efficiencies to the tune of 400% by lower operation costs.