Shopping around for personal finance options is getting easier thanks to a partnership between Dashpay and Fincheck.
The partnership hinges on Dashpay’s Newland payment machines which run on the Android platform. This allows Fincheck to load its app on the point of sale (POS) device. This will allow customers to shop for finance options right from a POS terminal.
Thanks to Fincheck’s platform, customers can shop for finance solutions from 80 of South Africa’s banks, lenders and insurers for the best deal.
“We are excited to work with Dashpay on this initiative,” Fincheck director, Michael Bowren, said in a press release.
“The Fincheck vision is to allow all South Africans to compare various banks, lenders and insurers across the country, for free. This collaboration between Fincheck and Dashpay is an innovative solution, and one which has the goal of assisting South Africans make a better financial decision,” Bowren added.
South Africans will be able to apply for short and long-term loans ranging from R1 000 to R350 000 through the Newland devices.
We should point out that the POS is only where customers will apply for finance, once the application has been submitted, the finance provider will communicate directly with the customer.
“Whether it’s an emergency vet bill for a sick pet, additional finance to help purchase necessities, unexpected medical expenses, or other expenses which life presents from time to time – this integrated solution will make it both simpler and safer to access long- and short-term finance from a reputable financial services institution, via Fincheck,” said Dashpay’s Benjamin Powell.
This is a rather clever idea and if you’re shopping while shopping for finance, keep an eye out for the Dashpay Newland terminals.