3 BNPL platforms to seek instant credit from this Diwali

By Leandra Monteiro

As Diwali is around the corner, e-commerce sites as well as other retailers are bursting with offers and Diwali bonanzas. Over the last two years there has been a sharp uptake in BNPL as customers are moving more towards e-commerce shopping. This year is no different with shoppers having the option of applying for an instant line of credit via BNPL platforms.

So why is BNPL so popular among the masses?  Because it’s instant! Shoppers can buy things online and comfortably pay for them later in the form of instalments. The tie-ups between the e-commerce websites and FinTech companies are such that customers can buy any product they desire by converting the amount to EMIs.

With the Diwali season a few days away, here are 3 BNPL companies to be cognizant of:

LazyPay

LazyPay is one of India’s new age digital credit providers. It provides a fast way to get credit in a single tap. LazyPay’s One tap digital checkout process is available at over 250+ apps in India including the likes of Swiggy, Zomato, Book My Show, Make My Trip, Vodafone, TataSky and many more.

Users can also access digital credit via UPI on the LazyPay app and use the credit anywhere, anytime by scanning a QR code at their local store or using the LazyPay handle when making a UPI payment online. In addition to offering credit, LazyPay also allows for flexible repayments including, 15-day interest-free credit, revolving balances and low-cost EMI schemes.

Postpe

postpe provides credit to customers to buy now and pay later, for anything, and from anywhere. Customers can download the postpe app from Play Store and avail interest-free credit limit of up to INR 10 lacs. postpe is a BNPL product that is not limited to big-ticket purchases but can also be used for micro-purchases.

This completely digital product empowers customers to shop across offline as well as online merchants and repay easily through EMIs. Customers can simply open the postpe app, scan QR code and pay using postpe credit at merchant outlets. They also have the option to pay via a postpe card that will be accepted across millions of offline merchants as well as on e-commerce platforms. The customers can also unlock cashbacks and win exciting rewards on their first and specific milestone transactions.

ZestMoney

ZestMoney is one of India’s fastest-growing digital EMI/checkout finance platform. ZestMoney is deeply integrated with the largest merchants in India including Amazon, Flipkart, Myntra, MakeMyTrip, Nykaa, Apple, Reliance Digital etc increasing the affordability of their products and helping them facilitate frictionless sales at a higher conversion rate to a larger base of customers.

ZestMoney has built a platform that integrates mobile technology, digital banking, and artificial intelligence, enabling people to apply for and get a digital credit line within seconds. ZestMoney has a registered user base of 17 million and is live at 85,000 retail touchpoints across India. Buying with Zest gives customers the freedom to shop right now and repay in either 3 or more EMIs.

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