21 March 2018
visit www.nextgenbanking.co.uk

Zopa offers loans for phones

23 May 2016  |  3983 views  |  0 Source: Zopa

Award winning loan provider, Zopa, has today announced a new partnership with UNSHACKLED.com, a new online mobile one-stop shop.

Zopa will be the first finance partner for UNSHACKLED.com providing 24-month loans to its consumers if they choose to finance the phone rather than paying in full.

Consumers benefit from UNSHACKLED.com’s ability to offer every phone on the market by separating the tariff from the phone purchase.

UNSHACKLED.com will be integrating Zopa’s innovating and market leading loan decision technology to give customers a personalised quote within seconds. With a quick application and approval process, consumers will receive a fairer deal on their phone financing.

This is Zopa’s first online retail partnership and allows the customers to complete their phone financing, purchase the phone and SIM card in one simple process. The service provided by Zopa for Unshackled.com is Zopa’s first retail point of sale using a newly developed loan application service. This API is already powering the Zopa Car ReFi product and is in beta with a number of consumer finance partners. In future, this technology will be extended to power more partnerships with like-minded partners, offering Zopa’s unique products across industries.

Loan rates will start at 9% APR and will be based on an individual’s credit rating scored by Zopa.

Jaidev Janardana, Zopa CEO said, “With the majority of consumers getting a bad deal on their mobile phone, partnering with UNSHACKLED.com means we can offer consumers a better, fairer and more transparent deal in financing their phone. This is an exciting innovation from Zopa bringing together two online disruptors from the telco and fintech industries.

This is Zopa’s first online retail partnership and demonstrates our capabilities in providing an integrated online application process. We believe consumers have not been well served when it comes to their mobiles and we are delighted to be able to help consumers get the best deal through UNSHACKLED.com.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comRegister your place today

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12811 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10673 views comments | 31 tweets | 40 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10251 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9837 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9711 views comments | 12 tweets | 23 linkedin

Featured job

Find your next job