iStore has partnered with FASTA (Pty) Ltd, a FinTech company to offer our customers a payment solution for their online and in-store shopping purchases.
We now deliver an automated online credit application process that provides feedback, and access to funds, in minutes. Buy now, Pay later is the concept behind this short-term credit offer, giving customers access to short-term flexible loans and the easiest option to pay for products online.
All loans are granted in accordance with all NCA regulations and where the granting of the loan will not cause financial distress to the customer. The FASTA payment mechanism also offers you the option to fund part of your purchase by allowing you to pay a deposit. This supplements your purchase and ensures that you “finance” the smallest amount possible. Customers can’t opt for credit up to R8 000 with a flexible repayment period of 1 to 3 months.
How it works
|Step 1 (online)
When you are ready to checkout, simply select FASTA as your payment method. The online credit application process is fully automated, and you will receive feedback on your application in minutes.
|Step 1 (in-store)
When you are ready to pay for what you need, scan the QR code on display, in-store. The online application process is fully automated, and you will receive feedback on your application in minutes.
Buy your goods. FASTA is a payment solution so that means your product will be paid in full by FASTA and you that you will repay them.
On approval, a Wi-code is sent to your phone. Present this code at the Point of Sale counter to pay for your purchase.
Enjoy your purchase!
Enjoy your purchase!
WHAT HAPPENS NEXT?
Depending on the terms you have agreed to, you will repay FASTA over 1, 2 or 3 months. The Ts and Cs are clearly defined in the loan agreement. In the meantime, you can enjoy your purchase knowing that your balance has been settled with iStore.
FASTA delivers the most efficient “non-card access” to credit in South Africa, meaning you don’t have to have a credit card to secure a loan. Each application is considered on its own merit. If you have access to internet banking, FASTAs integrated and secure system will access and evaluate (with your permission) your bank statements and deliver an outcome in minutes. There’s no emailing of documents or trips to the bank – the online application process is done from your mobile device or computer and is quick and user-friendly.
FASTA is an authorised and registered credit provider in terms of the National Credit Act (NCA) operating under registration number NCRCP10591.