Empowering Retailers to boost sales and maintain device control
Reduce Risk, Increase Reach
Device Financing is a payment model that allows individuals to buy smartphones without paying the total amount upfront. The cost is spread out over time through installment plans. This approach enables people to acquire smartphones.
The device is financed by the device financier on agreed-upon monthly installments. Once the payment is made, the device financier's control is removed from the device.
The Devicemax DFRM platform offers a multi-stage payment reminder system, giving complete control over configuring the reminder workflow according to the needs.
If EMI is not paid after the grace period, the platform can be set to lock the device, limiting its functionality automatically. The device can be locked or unlocked manually at any time.
The Devicemax DFRM app provides offline device management, enabling it to lock the device if EMI payments remain unpaid after multiple reminders.
Effortless API integration with your platform enables smooth and streamlined management of your device financing operations.
The Devicemax DRFM platform can integrate with any preferred payment gateway.
With the help of multi-stage payment reminders, Device financiers can send Reminders before the installment date, and prompts can be sent upon missed installments through the device financing platform.
Until the device belongs to and is financed by the device financier, the device financier holds complete control of the device with the help of the device financing platform. This helps safeguard investment and accelerate sales.
Financiers can simplify the payment process by automating and scheduling of payment reminders allowing easy management. This enables financiers to control access over specific features with just one toggle. We integrate with the ERP system over API.
