Bumper and Keyloop unveil flexible payment solutions

Payment platform Bumper has enhanced its collaboration with automotive technology company Keyloop to introduce a range of digital payment solutions.

The partnership has also developed automatic payment reconciliation for automotive dealers.

Among the new solutions, ‘Pay by link’ allows customers to make payments on their devices via SMS or email, while ‘Pay by bank’ is an open banking payment method. Further, ‘PayLater’ provides interest-free monthly payments, and ‘PayPads’ is an all-in-one point-of-sale (POS) device that consolidates all payment types into one mobile terminal.

These flexible payment solutions, which are available in the UK now and will soon be launched in Germany and Spain, are intended to improve customer satisfaction and retention.

Bumper co-founder and chief commercial officer Jack Allman said:

“This integration marks a major milestone in our mission to simplify and enhance the payment process for automotive retailers.”

Keyloop partner director Sebastien Fabri said:

“Consumers today demand flexible options at checkout and Bumper affords them this opportunity. Whether that’s Buy Now Pay Later, paying remotely via link, open banking, or in-store on PayPad, this integration is an essential tool for any customer-centric dealer.”