Blue Billion Investments, founded in 2023, specialises in selling high-quality cookware through an exclusive lay-by model. In this business model, customers pay for products in instalments, typically over a set period, before receiving the goods. Blue Billion offers a 23-month layby period, with customers paying R359 per month via a debit order.
Siyanda, the owner, sought a payment solution that could streamline and automate these layby payments, ultimately leading him to Altron FinTech’s POS and DebiCheck solutions.
The solution
Siyanda was introduced to Altron FinTech’s products through a recommendation from a friend in the insurance industry. Upon discovering the capabilities of NuPay, POS, and DebiCheck recognised the immediate impact these solutions would have on his business. The ability to automate debit orders through simple card swipes was a game-changer for Blue Billion Investments, as it drastically simplified payment collection.
With the POS system, Blue Billion could process payments effortlessly, while DebiCheck allowed for automatic, scheduled debits each month, ensuring consistent cash flow.