QisstPay Reveals its Game-changing ‘Buy Now Pay Later’ Initiative
The name ‘QisstPay’ has been derived from two words: Qisst (installment in Urdu) and Pay, and it allows QisstPay users to buy products from their platform, ranging between PKR 1,500 to PKR 35,000 on easy installments. These products include clothing, shoes, fashion accessories and electronics, among other items. What makes this BNPL platform truly unique is that these installments are entirely interest-free and do not require extra payment during a transaction. QisstPay will offer the masses the freedom to enjoy buying their favorite items at a quarter of the price and pay in installments over four months. The app has the potential to promote the businesses of merchants by 60 percent, by bringing in more traffic and potential business leads. According to CEO QisstPay, Jordan Olivas, the BNPL initiative is going to transform the Fintech and e-commerce landscape in Pakistan. He acknowledges the challenge that lies ahead in introducing a new and unique payment method in the country but is hopeful that if executed perfectly, BNPL could replace traditional credit cards in the future. Check out? Facebook Has Great Plans to Attract Content Creators, Will Pay Them $1 Billion within the 2022
