PROVIDENCE – Citizens Pay, the point-of-sale offering by Citizens Financial Group Inc., was recently recognized as the “Best Innovation” at the 2022 Banking Tech Awards USA, according to a news release.
The annual awards honor achievements and successes in the banking and financial technology industries across the country, with the “Best Innovation” award chosen based on how a product, solution or service will define the future of banking and finance.
Citizens Pay was highlighted for its cutting-edge technology, which allows flexibility in payment options for customers and deepens customer relations for merchants, the release stated.
The “buy now, pay later” point-of-sale offering launched in June 2021 and has served more than 6 million customers with $8 billion in loans originated, the release stated. More than 80 companies have partnered with Citizens to accept the point-of-sale financing option.
Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com.
