BNPL Mokka

Main article: Installment Services (BNPL) in Russia

Mokka is a platform for the buy now pay later service, selection of necessary goods/services and their seamless sale to consumers on individual terms. The platform is based on automation and, algorithms artificial intelligence as well as. machine learning

The project was developed by Sorsdata LLC, R&D a division of the group, "Revo" a portfolio company of funds Baring Vostok and VEF.^[1]

2021: Launch of a BNPL service in Russia for stores on OpenCart and CS-Cart

Revo Technologies, specializing in the Buy Now Pay Later service under the Mocha brand, on October 14, 2021 announced the launch in the Russian Federation of plugins for online stores operating on CS-Cart and OpenCart.

With the help of Mocca plugins, retailers whose online stores operate on CS-Cart or OpenCart platforms will be able to install a BNPL service that will allow their customers to purchase goods immediately and pay for them later in equal parts. The connection of the BNPL service is expected to allow sellers to increase traffic with more than 9 million active GenZ i Millennials, Mocha users, increase the average check, and reduce the share of abandoned baskets in the store.

The Mokka plugin is already available on the CS-Cart and OpenCart marketplaces and can be installed in the store for free and quickly. BNPL Mokka can be installed with any payment acquiring solution. All step-by-step configuration instructions and the module itself are already available on the CS-Cart and OpenCart platforms, as well as on the Mokka website.

The BNPL service from Mokka differs in its solutions, which are aimed at increasing traffic and conversion in partner stores. Mocha provides all partners with representation in its applications and offices to increase traffic to stores and sends hundreds of thousands of leads to its partners every month. Further, maximum conversion in online stores is ensured by a simplified instant checkout process through iframe Mocca, without redirecting customers to external pages and without the need to upload photos of documents. Mokka also provides an adaptive check-out that allows customers to choose one of the possible payment schedules for purchases, from 1 month to 24 months. Mokka's revolving limit allows buyers to repeatedly pay for purchases without re-checkout.

BNPL service Mocca will give customers advantages for purchasing goods in online stores by integrating the service with CS-Cart and OpenCart. Buy Now Pay Later completely rethinks the purchase process, provides a lot of opportunities for the consumer, including a convenient payment schedule, instant and paperless checkout of goods right on the check-out of the store, no hidden fees and payments, and much more. BNPL service is rapidly developing all over the world, and we are glad to be one of the representatives in this industry - said Irina Shvakman, co-founder of Revo Technology.

CS-Cart and OpenCart are e-commerce platforms. According to companies, in the first half of 2021, CS-Cart has 6,106 sellers, and OpenCart has 2,949 sellers.

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