KreditBee has announced that it will offer non-credit card holders the option to convert their online purchases into EMIs during the checkout process.
KreditBee’s 6 million+ customers can avail of the online checkout finance facility from Cashfree Payments’ 1.5 lakh+ merchant partners. The merchants can offer this cardless EMI option to all eligible customers with the KreditBee app. The new customers can also avail this facility post registering on KreditBee’s mobile app. The checkout finance loans range from Rs 2,400 to Rs 2 lakhs with a tenure of 3-18 months.
Madhusudan Ekambaram, Co-founder & CEO, KreditBee said, “We are delighted to offer a distinctive financing option in the form of online checkout finance. This partnership allows us to extend this effective credit tool to the otherwise unserved and underserved segments. The increased push for digitalization in the past few months has indeed accelerated the shift to digital commerce and payments, in some cases replacing the retail and merchant experience altogether. The idea behind this collaboration is to devise an integrated process for the online checkout finance for customers to convert their online purchases, especially where ticket value is high, into easy EMIs hassle-free.”
