PagoDIL Qorus Banking Innovation Awards 2017

PagoDIL was created in order to facilitate payments in retail and it is born from the synergy of two companies: Cofidis leader in credit and financial solution and Centax, a Company with a multi-annual experience in payment facilities. PagoDIL is an innovative and exclusive service, which offers to consumers the possibility - through an ATM card - of extending the amount of the purchase into monthly installments free of charge and free of interest. The service is active 24/7 and guarantees real-time responses. PagoDIL is not a loan, but a payment delay, for this is not necessary all the specific credit documentation and any additional cost will charged to the consumer. PagoDIl is the result of the collaboration between the skill of Cofidis in credit and the know-how in technology of Centax: a project started in 2014 and that for over one year has completed involved the 2 Companies from Business Development Dept to IT, from Credit Policy to Marketing a real 100% forge of ideas and commitment. A first launch on the market was made beginning 2015, but it is in 2016 that PagoDIl has begun to increase in interest towards the Partners and nowadays is proposed in approx. 5.000 points of sales of small, medium and large distribution, reaching in 2016 approximately 180.000 transactions.