Flipkart eyes 2X growth in 'Pay Later' offering
3 years, 4 months ago

Flipkart eyes 2X growth in 'Pay Later' offering

India TV News  

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months. Currently, there are over 2.8 million customers who have adopted Flipkart Pay Later and have made more than 42 million transactions on the platform to date. "Owing to the growing reliance on digital payments, Flipkart Pay Later has seen a 70 per cent adoption rate among customers at the time of check-out, and plans to cross the 100 million transaction benchmark by the end of the year," Flipkart said in a statement. The online platform said its Pay Later offering has seen an increase of over 50 per cent in the number of registered users as of July 2021 in comparison to the previous year. "The success of Flipkart Pay Later so far has shown the benefits that the construct is able to provide to millions of customers and made us confident of its market-readiness for a much wider adoption - both on and outside Flipkart Group's platforms," Flipkart Head – Fintech and Payments Group Ranjith Boyanapalli said.

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History of this topic

Buy Now, Pay Later: What is BNPL? Popular E-commerce Payment Option Explained
2 years ago

Buy Now, Pay Later: What is BNPL? Popular E-commerce Payment Option Explained

News 18  

Buy now, pay later is a fast-growing financial model most prominently visible on e-commerce and quick commerce websites. Apart from deferred payment, several BNPL service providers also allow for payment in equated monthly instalments once the interest-free deferred repayment tenure ends. The major BNPL brands in India include LazyPay, Simpl, Amazon Pay Later, Flipkart Pay Later, and ZestMoney. In case …

Flipkart’s ‘Pay Later’ doubles customer base to over 6 million in 7 months
2 years, 7 months ago

Flipkart’s ‘Pay Later’ doubles customer base to over 6 million in 7 months

The Hindu  

Flipkart, a homegrown e-commerce marketplace, said it has witnessed a strong customer adoption of its 'Pay Later' facility with a user base doubling to over six million in the last seven months. Dheeraj Aneja, SVP & Head – Fintech and Payments Group, Flipkart, said, “As per research, the Buy Now Pay Later market will grow 10x over the next five …

‘Buy now, pay later’ catches on just in time for holidays
3 years ago

‘Buy now, pay later’ catches on just in time for holidays

Associated Press  

SAN FRANCISCO — As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. One major credit card company says roughly six out of every 10 of its U.S. customers started a buy now, pay later program for the first time this year, …

Flipkart introduces QR-based pay on delivery for consumers
3 years, 6 months ago

Flipkart introduces QR-based pay on delivery for consumers

India TV News  

Flipkart on Monday launched a contactless, QR-code based payment facility for all its pay-on-delivery shipments. Consumers who earlier opted for cash on delivery can now use this facility, scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery, the company said in a statement. The …

Flipkart Announces Its Big Saving Days Sale: Exciting Offers on Smartphones, Electronics & Appliances
3 years, 7 months ago

Flipkart Announces Its Big Saving Days Sale: Exciting Offers on Smartphones, Electronics & Appliances

News 18  

Walmart-owned e-commerce giant Flipkart has announced its next iteration of the Flipkart Big Saving Days sale. There will be up to 80 percent off on electronics and accessories, while TVs and other appliances will see up to 75 percent discounts during the Flipkart Big Saving Days sale. During the Flipkart Big Saving Days sale, the iPhone 11 will be sold …

Flipkart SmartPack Will Let You Subscribe Your Phone and Upgrade it Every Year: How it Works
3 years, 11 months ago

Flipkart SmartPack Will Let You Subscribe Your Phone and Upgrade it Every Year: How it Works

News 18  

Walmart-owned e-commerce giant Flipkart has introduced a unique ‘Flipkart SmartPack’ subscription-based offering that guarantees money-back on new smartphone purchases, after a 12-month or 18-month tenure. By paying for a 12-month or 18-month SmartPack subscription starting January 17, consumers can purchase a new smartphone on the Flipkart app with a 100 percent money-back guarantee. Users will need to pay the price …

Amazon, Flipkart ramp up credit products for festive sales
4 years, 2 months ago

Amazon, Flipkart ramp up credit products for festive sales

Live Mint  

Bengaluru: E-commerce firms Flipkart and Amazon are offering a slew of fintech and credit products to make buying more affordable, even in Tier 2 cities, in the upcoming festive sales as they look to widen the customer base. These include partnerships with banks for broader coverage of debit card EMIs, alliances with digital non-banking financial companies for no-cost EMI solutions …

Flipkart partners Paytm for The Big Billion Days sale
4 years, 2 months ago

Flipkart partners Paytm for The Big Billion Days sale

Live Mint  

Walmart-owned Flipkart on Monday said it has partnered with fintech major Paytm to provide customers a slew of offers and benefits during its festive season sale. "This partnership will enable millions of Paytm users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during The Big Billion Days. Flipkart will host its annual 'The Big …

Big Billion Days: Flipkart to offer instant Paytm cashback during festive sale
4 years, 2 months ago

Big Billion Days: Flipkart to offer instant Paytm cashback during festive sale

India TV News  

Flipkart on Monday said that its partnership with Paytm will enable millions of users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during the ‘Big Billion Days sale that starts from October 16. "This festive season, millions of Paytm users across the country will have access to their wallets and UPI on Flipkart. With …

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