How hospitality businesses can benefit from the latest payment trends
Impos Solutions System Admin
Impos takes pride in partnering with the latest innovative applications, designed to make your life easier to allow you to focus on what’s important – the customer experience. Here we take a look at how hummpro offers a best-in-class mobile user experience to small businesses.
Payments have come a long way since the days of counting out bills and coins at the cash register. Nowadays, you’re far more likely to tap your smartphone to buy a takeaway coffee or use your mobile wallet to buy a new pair of shoes online than you are to pay with cash or even a physical card.
In 2020, just over 10% of Australians were using non-bank contactless mobile payment services such as Apple Pay and Google Pay, up from just over 7% the year before. In 2019, almost 23% of New Zealanders were using payment apps on their smartphone at least once a week, including bank apps, Apple Pay, Android Pay and Samsung Pay.
When it comes to buying products and services for your business, you should be able to pay in the same seamless way, but many B2B products and services are clunky and outdated. Not so with hummpro, a buy now, pay later app designed to meet the needs of small businesses with a best-in-class user experience you’ve come to expect from consumer products.
Here are three ways hummpro raises the bar for small business payments.
From the application process to the transaction process, hummpro isn’t just digital first, it’s mobile-first. For today’s busy entrepreneurs who are always on the go, being able to apply for funds and manage repayments on your smartphone is a must.
It all takes place in the hummpro app. You can download it from the app store and apply for up to $30,000 in finance in just a few minutes by following the prompts to provide a bank statement and a few details about your business’s finances.
Once approved, you’ll get a digital card that you can add to your mobile wallet to make tap-and-go payments and check out online anywhere that accepts Mastercard®. You’ll also receive a card number and expiry date that you can use to pay via an invoice if you need to, like you would usually do with a traditional credit card.
Mobile apps should be fast and easy to navigate, and that’s what you get with hummpro. You can intuitively check your balance and transaction history, stay on top of upcoming payments and plan your repayments between meetings or when you’re at a busy building site, thanks to a simple user experience designed for smartphones.
Buy now, pay later (BNPL) is one of the biggest trends in consumer payments at the moment. In 2019, more than 228,000 Kiwis and nearly 2 million Australians were using BNPL services, with the number of transactions in Australia nearly doubling to 32 million and spending in New Zealand increasing 105%.
As a BNPL app designed to meet the needs of small businesses, hummpro delivers the same benefits as consumer-facing BNPL apps – the ability to split purchases into multiple instalments without accruing any interest – but with bigger spending limits and more flexible repayment options.
You don’t need to compromise on seamless payments just because you’re a small business. Get the best-in-class user experience you’ve come to expect from consumer products with hummpro
Read More on Impos News
Impos’ Solution to Support Hospo with Serious Staff Shortage
Melbourne’s Hottest New Bar – Pearl Diver Cocktails & Oysters
Impos is excited to launch ImposPay