One of the top fintech platforms in India, KreditBee, today announced a partnership with PayU, a top supplier of digital payment solutions.
Together, they give customers the choice to turn online purchases worth between $2,400 and $2 lakh into simple cardless EMIs at the point of sale, as per reported by BW Disrupt.
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Speaking on the association, Madhusudan Ekambaram, Co-Founder & CEO, KreditBee said, “It gives us immense pleasure to partner with PayU and extend innovative, online check out finance to the underserved and unserved segments. Our distinctive solution allows customers to conveniently convert their online purchases into hassle-free, easy EMIs. We are certain that solutions such as this will certainly contribute to the country’s digitalization and financial inclusion imperative.”
PayU’s 4.5 lakh+ merchant partners can now offer KreditBee’s 10 million customers cardless EMIs with a 3-18 month loan tenure. New and existing KreditBee customers who meet the requirements can use this offer when shopping from PayU-affiliated brands.
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“PayU’s mission is to build the best affordability platform for online businesses in India by offering maximum coverage of lending partners and access to credit right at checkout. We believe KreditBee, with their innovative technology, is an ideal partner.” Sudhir Sehgal, Chief Business Officer – PayU payments added.
KreditBee is a FinTech Platform which facilitates instant personal loans to professionals, where they can avail loans up to ₹4 lakhs as per their requirement. With a strong focus on online tech-based and data-centric KYC, KreditBee envisions solving the financial inclusion gap in the varied demographic segments of the country.
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Operating in 50+ markets and home to 43 different nationalities, PayU’s global business extends far beyond global payments. In addition to providing advanced e-commerce payment solutions for nearly half a million global merchants, they are also one of the world’s top global fintech investors, as well as a leading provider of consumer credit solutions in emerging markets.