Retailers will be equipped to deploy Float’s secure payment solution, which encourages responsible credit card usage among shoppers. The partnership is expected to enhance the overall shopping experience across a variety of retail outlets that use Adumo’s payment devices.
Both companies plan to focus on addressing the evolving needs and preferences of their clients and users while adhering to industry regulations and laws. This commitment ensures that the services remain compliant with legal standards and continue to meet market demands.
The deal is anticipated to create significant value for retailers by enabling customers to make larger purchases through flexible payment options. Merchants can expect an increase in average transaction values and conversion rates, thanks to the availability of pre-approved credit card holders and the ability to pay 25% upfront with Float on Adumo terminals.
Shoppers will be able to select Float as a payment option at checkout, verify their identity via a one-time PIN, and make payments in three monthly installments after an initial 25% upfront payment. This setup benefits both clients and merchants by allowing installment payments without additional interest and boosting sales for retailers with larger transaction sizes.