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// Purpose based lending

Offer Customers a
Finance Payment Option


Purpose Based Lending (PBL) is a lending product for Merchants that they can offer their Customers to finance goods and services in real-time, on a variety of platforms including Online.

SwitchPay provides a PBL product to Retail Merchants that they can offer to their Customers as an alternative payment option to traditional payments such as card, cash or EFT. PBL is a loan to a Customer to pay a Merchant or a Service Provider for specific goods and services.  Customers can apply Online or In-store for a loan to pay for the goods or services through SwitchPay.  Merchants can increase their turnover by offering convenient, real-time Customer finance at the Point of Sale which is especially convenient when paying for high value ticket items.

The PBL process will link the Customer to the appropriate Credit Provider and return the best available loan offer.  SwitchPay seamlessly manages the loan application process from beginning to end with direct API interfaces to the activated Credit Providers. 

Credit Providers

SwitchPay manages the loan application process from beginning to end with direct API interfaces to the activated Credit Providers. Customers receive the best available loan offer. As a merchant or service provider you can activate the PBL product on your Point of Sale or Online.

Activated Providers

Activate Today!

Activate the Purpose Based Lending product on your Point of Sale or Online by emailing us at contact@switchpay.co.za. If you are an existing Card Merchant of Nedbank, you can also contact Nedbank on mhe@nedbank.co.za or 0860 114 966 for activation or alternatively the product can be activated directly on your Nedbank Ingenico Card Terminal.