LazyPay, which is a consumer lending platform of PayU India, has launched a revolutionary credit offering that allows users to access real-time credit across offline merchants and eCommerce platforms using UPI and Bharat QR Code. PayU is the first fintech player in India to offer UPI-based digital credit of up to Rs 1 lakh on easy monthly installments ranging from 3 to 12 months. Users can also avail short term credit and pay later in 15 days. By enabling instant digital credit through UPI and Bharat QR, LazyPay is now available both online and offline. The repayment process is flexible as the users can choose the pay later option that allows interest-free 15-day credit at checkout. Besides this, the users can also convert their high-value transactions in affordable monthly EMIs at the time of the transaction – a first for a digital credit or pay later app in India. Pallav Jain, country manager, PayU Finance, said enabling credit through UPI and Bharat QR is another significant step towards the company’s vision to provide fast, convenient and seamless credit access to the company’s customer base in India.
