What are Lendsqr Global Payments?

Lendsqr Global Payments is a powerful feature that allows lenders to improve loan repayment performance by tapping into a shared card network across the entire Lendsqr ecosystem. When customers use multiple financial services powered by Lendsqr, they often link different cards with different lenders. Global Payments intelligently leverages this overlap to increase repayment success and reduce failed transactions.

You don’t need to configure or activate anything manually. The system runs in the background and activates automatically when needed. If a customer misses a repayment and the charge on their primary card fails, Lendsqr immediately looks for another card already associated with that customer, regardless of which lender originally collected it. Once it identifies a valid card, the system initiates a retry on that card to recover the overdue repayment.

This cross-lender approach increases the likelihood of a successful charge, especially for customers who engage with multiple lenders within the platform. By using existing customer data across the ecosystem, Lendsqr Global Payments minimizes failed collections, improves loan recovery rates, and reduces delinquency, all without requiring any intervention from your team.

Lenders benefit from this automation instantly. There’s no onboarding, setup, or custom integration required. The system works as part of your existing loan processing flow, providing a seamless experience for both you and your customers.

By enabling more consistent and reliable repayments, Lendsqr Global Payments helps you protect your revenue, reduce risk, and maintain healthier loan books, while keeping operations simple and efficient.

Need help? Reach out to us at support@lendsqr.com.

Read more: Why Lendsqr is Africa’s most affordable loan management software

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