US payment processor BillingTree has partnered with mobile payment platform Znap to launch mobile payment products for the auto industry.
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Znap, developed by Hong Kong-based mPayMe has been chosen by BillingTree for its mobile payment capabilities, which allow customers to view and pay their bills by scanning QR codes with their smartphones.
Marya Ulis, BillingTree’s auto finance market general manager, said: "To grow revenues and remain competitive, auto lenders need to keep pace with consumer habits and extend their relationship beyond the point of sale.
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By GlobalData"By offering the convenience of mobile payment and the added value of mobile customer lifecycle management, Billing Tree is helping auto finance companies to transform an initial sale as the beginning of an ongoing conversation with customers about their needs."
Greg Gresh, mPayMe’s North America CEO added: "Auto finance is a perfect example of an industry where mobile technology offers significant value to businesses with the strategic foresight to recognize and seize these opportunities.
"We are proud that BillingTree has selected Znap to expand its payment solutions to the mobile marketplace".
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