Switch provides banks with the Pay@Salary service as an innovative solution that enables bank customers to purchase their needs from Point of Sale (POS) terminals and defer payment until their salary is received.
The service is based on linking the payment system to the customer’s payroll cycle, where the amount is automatically deducted once the salary is credited, according to the bank’s terms and conditions. This service allows banks to offer a flexible financial product that enhances customers’ purchasing power and provides a convenient payment experience without requiring immediate payment.
The service is also characterized by ease of use and instant approval, with direct integration with existing POS systems. The platform provides full digital management for all operations while applying the highest security and encryption standards to protect user data and ensure financial transactions are executed with confidence and reliability.
