Others

How does easy payment plan work?

We are a nationwide bill payment service that helps hundreds of thousands of people just like you pay off their loans faster, budget simpler, and pay your bills easier. We automatically debit lower loan / bill payments to match your paydays and make payments to your lender on or before the monthly due date. Our “set-it-and-forget-it” plan pays off your loan faster. You’ll enjoy the convenience and easier budgeting while reducing your debt faster. It’s not. It’s just a matter of converting your payroll schedule to the bank’s collection schedule. It works because you are paying more for your capital each year. Easy payment plan is extremely safe. Electronic transactions are more secure than checks.

easy payment
easy payment

Network International, the leading provider of payment solutions in the Middle East and Africa region, today announced that it has introduced the “ Easy Payment Plan, ” a service that allows customers of its banking customers to directly convert their one-off purchases in equal monthly installments in partner point of sale terminals.

Emirates NBD and Abu Dhabi Commercial Bank are the first two banks to offer Network International’s flexible payment solution to their credit card customers, especially for large transactions. The new service, which will benefit cardholders, retailers and banks, gives customers the convenience and flexibility to choose their own payment plans. When paying by credit card, customers simply need to select the Easy payment plan option on partner POS terminals followed by the duration and will receive a receipt with the interest rate, EMI amount, duration and charges treatment indicated.

Commenting on the announcement, Simon Haslam, Group CEO of Network International, said: “The Easy Payment Plan is a simple and seamless solution for cardholders looking for hassle-free payment options, especially for larger purchases. The service requires minimal effort from retailers and banks, and Network International is actively encouraging partner banks and merchants in the United Arab Emirate to integrate the new technology. With the ability to instantly choose their personalized EMI at the time of transaction, we are optimistic that this service will increase larger ticket transactions and drive the adoption of electronic payments in the United Arab Emirate.

easy payment
easy payment

We are delighted to be among the first to offer our customers the Easy Payment Plan service which enhances their transition to cashless transactions,” added Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking and Wealth Management, Emirates NBD. “Customers are always looking for smarter, seamless ways to shop and Network International’s Easy Payment Plan service enables us to offer our card customers a flexible payment solution that enhances their overall experience, while helping them better manages their budget.”

Commenting on the announcement, Abdul Shakeel, Head Retail Banking at Abu Dhabi Commercial Bank (ADCB) said: “This feature gives our credit card customers the ability to instantly convert high value purchases into flexible top tier payment plans, while shopping in-store. For starters, this new service is available with some of our selected key merchant partners and will gradually be extended to a large network of merchant partners. Today’s announcement is in line with Network International’s mission to accelerate digital commerce in the region by adapting innovative technologies that provide easier, more secure and secure payment transactions.

ABHIYAN
the authorABHIYAN
Abhiyan Chhetri is a cybersecurity journalist with a passion for covering latest happenings in cyber security and tech world. In addition to being the founder of this website, Abhiyan is also into gaming, reading and investigative journalism.

Leave a Reply