- Merchants in over 175 countries using Shopify can access the Mokka deferred payment solution
Launched in Romania two years ago and operating on Polish and Bulgarian markets, Mokka, the leading Buy Now Pay Later in Central and Eastern Europe, is constantly investing in improving its products. The company has developed plug-ins for some of the most popular online platforms offering sales services, such as WordPress, Magento, OpenCart, Woocommerce, GoMag and others. The Mokka BNPL alternative payment method is now available on Shopify and can be accessed by merchants from over 175 countries that are using it. Mokka’s powerful technologies allow online stores on the Shopify global platform to easily add this alternative method to their payment options offered to customers. “Basically, with just a few clicks, retailers can integrate the Mokka BNPL into their online stores, giving customers the option to pay in instalments. Mokka can be used as an important development tool for retailers and, at the same time, bring important benefits to shoppers”, says Alexandru Balaci, CEO Mokka Romania.
Substantially increasing the value of the average shopping basket and lowering the abandonment rate, plus increasing the conversion rate are just some of the benefits Mokka brings to retailers. A growth solution based on cutting-edge financial technologies, Mokka also works as a marketing tool and helps partners promote their services or products available for sale with instalment payments.
The most visible of the BNPL payment methods in the region, Mokka features availability across all channels – online shops, physical shops, mobile apps – and has some of the most flexible payment solutions. Customers can opt for the most advantageous payment plans, from 30 days to 24 months, depending on their interests.
“We are pleased to conclude this partnership with one of the leading global e-commerce platforms. The significant investments we have recently made in developing powerful financial technologies are now translating into tools that entrepreneurs can use effectively to scale-up their businesses. We wanted to find the most inspiring ways to maximize entrepreneurs’ access to growth tools and provide the most enjoyable shopping experience for customers. We keep this in mind at all times when working on service diversification and Mokka-branded innovations”, says Marius Costin, Mokka Regional CEO.
Launched in Romania in the spring of 2021, Mokka is the leading BNPL (Buy Now, Pay Later) player in Romania. It is a service that allows customers to register through a simple procedure, in just a few minutes, in partners stores or via mobile app. Access to finance is just as easy and unbureaucratic, as there is no need to fill in dozens of forms as it usually happens with traditional financial products.
Mokka is currently partnering with leading e-commerce platforms and retailers including CCC, Reserved, Cropp, Mohito, House and Sinsay, F64, Lensa, MegaDepot, service chain Rădăcini, BMall, Humanic and others.
“Our future plans include expanding our customer base while working on perfecting Mokka solutions. We are convinced that in the period ahead we will pleasantly surprise our customers by diversifying our services, launching new financial products and innovations. In this way, we will strengthen the leading position that Mokka already holds in the region”, says Marius Costin, Mokka Regional CEO.
Mokka is the leading Buy Now Pay Later (BNPL) service in CEE, operating in Poland, Romania, and Bulgaria providing online and offline financing solutions for merchants and their shoppers.
Mokka has developed innovative and flexible deferred payment solutions, offering customers the option to buy now in online and offline stores and pay with the most convenient payment plans, ranging from 30 days to 24 months. Mokka has partnered with over 1500 partner stores in the region across the most popular categories such as fashion, footwear, kids, electronics, jewelry, furniture, travel, and others. Merchants enabling this payment method experience higher conversion rates increased average shopping cart value, and a boost in incremental sales while strengthening consumers’ loyalty.