Tower Systems last week launched a world-first, POS software integrated in-store over the counter buy now pay later, backed by an ASX traded corporation, with the retailer being paid regardless.
While facilities like buy now pay later have been available for some years, this is the first that is POS integrated for this consumer-focussed finance facility.
This solution is seen by small business retailers as a more valuable replacement to LayBy in that goods do not have to be stored in the business and with financial settlement guaranteed and faster.
By integrating within the POS software and not merely at EFTPOS processing, the solution is better for the shopper, the retailer and the finance backer.
Tower Systems has worked direct with the ASX traded financier to bring this to life online and in-store.
