Enabling your customers to borrow small denomination loans until their next pay day.
BankWorld enables banks to offer customers the ability to accept Pay Day Loans instantly on a variety of self-service channels. A pay day loan is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.
Customers can be offered an instant pay day loan at the ATM and accept it on the spot. BankWorld will automatically treat the request and the customer can decide to withdraw the cash immediately or transfer to a selected account.
With Pay Day Loans more easy to accept through self-service channels, this increases the likelihood of customers taking out such loans. In certain markets, banks have increased their loan revenue by 30% at the ATM using BankWorld's pre-approved loans.
Instead of just advertising through their self-service channels, with BankWorld, banks can actively sell through them.
Discover CR2's BankWorld ATM, our innovative platform which offers cutting edge personalisation at the ATM.
Finextra interviews Lance Gourlay, Director Corporate Accounts, CR2 during Sibos, 30th September 2014