Philip Belamant’s Innovations in the BNPL Sector
Philip Belamant, founder and CEO of Zilch, has been progressively advancing the access of virtual payment services to consumers for the past few years. By integrating online payment services into different platforms, he has facilitated easier access to vital products and services for many consumers, especially those in developing economies. As Zilch adopts a buy-now-pay-later system, it allows users to access funds to pay for different essential utilities, such as electricity and water using virtual cards and mobile phones.
Philip Belamant’s impactful strategies
For over 15 years, Philip Belamant has been innovating financial technologies to aid in the running of businesses. However, his unique approach has contributed to much of his success as he avoids interfering with existing infrastructures. His strategies encourage the inclusion of unbanked persons to access financial services in a manner that is beneficial to all the involved parties.
PBel is Belamant’s earliest venture which created a banking window targeted toward helping low-income persons to carry out various transactions. It achieved this by providing lending services to users, enabling them to purchase airtime and pay for utilities remotely.
Similarly, Zilch provides BNPL services, all while keeping the ecosystem intact. The company allows brands based in the United Kingdom to receive payments in batches, accommodating individuals who cannot make full payments at a go. This system is efficient and applicable both online and in-store.
Philip Belamant acknowledges the existence of many opportunities to bring new finance technology ideas into life today. However, innovators should also focus on exploiting existing technologies to make new inventions. Doing this will save them the time and money required to obtain and pay customer support teams, sales agents, and retailers and acquire large-scale infrastructures for new projects. The evolution of technology requires proper regulation to enable healthy disruptions in the existing ecosystem.