5,000 merchants now have instant access to their earnings

High liquidity and flexibility: This is provided by the improved automated process of transferring amounts to merchants who have integrated installment payment solutions of tbi bank. The bank now pays physical and online sales amounts to its partners within 30 minutes, rather than three times a day as before. In comparison, the market standard is once a day, which solidifies the position of tbi of a safe and trusted partner.

Therefore, more than 5,000 merchants from various sectors in Bulgaria have immediate access to their sales revenues, which helps them to be as flexible as possible and to achieve their business goals. The expedited process also meets the expectations of consumers: they will receive the ordered goods faster, as in some cases the merchants only supply the products 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 liquidity requirement is particularly high.

Nadezhda Kocinova, Head of Business Partnerships in tbistates, “Every innovation we introduce aims to streamline processes, reduce costs and increase sales for our partners. We are delighted to now be able to provide them with the flexibility they need to have the funds they need and our customers. common to receive the products they have purchased as quickly as possible. “

“We can say that the payment within 30 minutes is immediate, because all the processes related to it are automated. With this service we have also optimized the process of verifying credit files, which usually takes days. Our business partners can now find out. whether or not the signed credit agreements will be paid within 5 minutes “, says Pavlina Bazhlekova, head of the” Credit Administration “department in tbi.

With the current significant reduction of the translation process in Bulgaria to 30 minutes, tbi consolidates its position as a digital leader in the customer-oriented market. Data for Bulgaria over the past year show double growth in purchases financed with the bank’s deferred payment decision.