Following the agreement between tbi bank and Flanco, customers have the option to pay for their purchases in four interest-free installments from Flanco physical shops too, in addition to the the online store.
“Even if physical retail stores have faced many challenges over the last years, we believe in the value of the shopping experience in stores. Now, more than ever, consumers want flexibility, transparency and convenient payment options”, said Ionut Sabadac, VP Merchant Solutions, tbi bank.
Flanco, the second largest player in the local profile industry, has 150 stores across 112 Romanian towns and cities.
TBI Bank is a mobile-first challenger bank in South East Europe and the leading BNPL “buy now, pay later” player in the region targeting customers, merchants and SMEs, providing financing and additional integrated services through a large network of “phygital” platforms and channels.
The bank currently operates in Bulgaria, Romania, Greece, Germany and Lithuania. Through various digital channels, an own chain of over 300 units and partnerships with some 20,000 merchants, the lender had a portfolio of two million customers in September 2022.