What do old school credit card lenders know about you?

Every time you make a purchase on a credit card or debit card, unlike the consumer finance or BNPL transaction, a record of that transaction is logged into a database of information collected by your credit card issuer. It is a common industry practice to analyse the data for trends. In exchange for the convenience […]

10 Reasons to love JO1N

Consumer finance popularity is constantly growing according to Worldpay 2021 research, reaching $6.7 in the UK alone . Providing finance options to the buyers, SMEs can improve sales to up to 30%, ATV, offer better customer experience, loyalty, and higher LTV.  In recent year’s companies like Klarna and Clearpay suddenly appeared on the UK market […]

eCommerce Marathon | Part 2 | Zen Cart

We are glad to announce another integration of the Zen Cart module into JO1N. Now, any merchant operating via Zen Cart will benefit from higher sales & conversion.  In today’s time, there is numerous open-source and e-commerce software available. It is a hard task to define the clear winner among the platforms as each has […]

UK business landscape: consumer credit

This year has seen the rise of frictionless payment platforms offering ‘buy now pay later’. Big players in the market include Klarna, AfterPay, and QuadPay – all of which are being adopted by online retailers with Gen Z and Millennials. However, over half of UK SMEs are being left behind by the digital revolution, allowing […]

Responsible lending at JO1N

How lenders define who to lend money to? A credit check is a snapshot of the buyer’s financial position to assess the creditworthiness. There are two different types of credit searches; one that won’t affect your credit rating, and one that would. ‘Hard’ is a type of search when the lender will run checks to […]

KYC: How we avoid fraud at JO1N

Almost every aspect of our everyday lives is becoming more convenient as everything has shifted to digital nowadays. Previously, there were only banks or FX shops to deal with finance-related operations, which at times would include extremely long waiting time. Now, giving our personal data for the sake of convenience and time saved. For example, […]

QR code lending – what is it and how does it work?

QR codes have entered our everyday lives back in the 2000s: groceries, clothing, books, DIY – you name it. Despite the recent rapid growth in demand for QR codes in Asia, the adoption rate in Europe remained low for quite a while. QR product has mostly been known as a tool for accessing information As […]

Overview: UK BNPL landscape

The increasing popularity of Buy Now, Pay Later (BNPL) online purchases is growing at a rate of 39% a year according to Finder (2020), with market share set to double by 2023. Nearly 9.5 million Brits said that they avoided buying from retailers that don’t offer BNPL options at the checkout. This popularity looks set […]

Going Phygital: Series1: Offline vs Online

What is a phygital distribution model?Whenever we mention the word ”digital”, the question arises: what about the customers that are not that tech savvy? One approach that is rapidly gaining traction is the idea of using a distribution model that combines physical and digital channels—a “phygital” model. Even as customers are turning to digital and […]

What is BNPL and why it rocks?

Buy now, pay later is a simple concept: instead of buyers paying at the till or online checkout, the BNPL provider pays the retailer for the buyer. The buyer then agrees to pay the BNPL provider back over a few weeks or months, meaning the buyer can spread out buyer shopping costs. It simply means […]