By Tony Zerucha

German consumer fintech Kreditech has unveiled its new business line. Online Point of Sales (POS) Financing’s first client is payment services provider PayU Global BV, the e-payments division of Naspers Ltd.

People using Online Point of Sales Financing can instantly finance online purchases at rates similar to banks up to €5,000 over a maximum 36 months. The paperless process employs proprietary scoring technology.

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