We make payments to partners 3 times more often than the market standard

High liquidity and flexibility – this is provided by the improved, automated process of transferring amounts to merchants who have integrated tbi bank’s installment payment solutions. The bank now pays out amounts from physical and online sales to its partners within 30 minutes, instead of once a day, which is the market standard. 

Thus, over 5,000 merchants from various industries in Bulgaria have almost immediate access to their sales revenue, which helps them to be as flexible as possible and achieve their business goals. The accelerated process also meets the expectations of consumers – they will receive the goods ordered online faster, since in certain cases, merchants provide the products only after receiving the funds. 

Currently, most financial institutions in the country make such payments once a day for sales made during the previous business day. This makes it difficult to operate, especially for small and medium-sized enterprises, where the need for liquidity is particularly great. To facilitate their operations, earlier this year tbi first started making transfers to their accounts three times instead of once a day, and now the process is almost instantaneous. 

“[quoteblock content=”Every innovation we introduce is aimed at optimizing processes, reducing costs and increasing sales for our partners. We are delighted that we can now provide the necessary flexibility for our partners to have the funds they need and our mutual customers to receive the products they have purchased, as quickly as possible.” author=”Nadezhda Kotsinova” author_position=”Head of Partners Enabling” author_avatar=”https://tbibank.com/wp-content/uploads/2023/09/Nadezhda-Kotsinova_tbi.jpg” section_id=””][/quoteblock]” 

With the current significant reduction of the translation process in Bulgaria to 30 minutes, tbi strengthens its position as a digital leader in the customer-oriented market. Data for Bulgaria over the last year shows a double growth of purchases financed with the bank’s “Buy Now, Pay Later” solution. The growing interest in the flexible payment instrument proves that the bank is one of the most preferred and reliable partners for merchants in the country. 

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