‘BNPL Plus’ seamlessly integrates with the businesses’ website and also by brands hosted on popular platforms like WooCommerce and Shopify. When it’s integrated, ‘BNPL Plus’ uses intelligent personalisation to automatically show customers the most attractive offers and no-cost EMI options.
Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.
Hemant Gala, Vice President of Financial Services said, “Promoting financial inclusion is at the core of PhonePe’s mission. We are excited to launch Merchant Lending on our platform using the Marketplace Model, providing SMEs & MSMEs with access to organized credit and enabling their growth. By serving as a catalyst for the financial empowerment of MSME & SMEs, PhonePe is proud to contribute to the overall development of the economy and drive sustainable progress.’’
The fresh infusion of capital will enable TransBnk to bolster its product and technical teams, enhance its tech stack, and expand its product line. The company aims to reshape the management of specialized accounts and B2B payments, which are the foundation of lending ecosystems, capital markets, supply chain finance, and treasury management.
Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.
BFSI Podcast's
BFSInxt Videos
Latest Posts
Satin Creditcare Network Limited (“SCNL”), a leading microfinance institution in India, recently announced the appointment…
The partnership aims to enhance healthcare affordability and accessibility for customers and further address the growing need for convenient and quality healthcare services among homeowners and their families.
‘BNPL Plus’ seamlessly integrates with the businesses’ website and also by brands hosted on popular platforms like WooCommerce and Shopify. When it’s integrated, ‘BNPL Plus’ uses intelligent personalisation to automatically show customers the most attractive offers and no-cost EMI options.
The card will offer Club Vistara Points, Lounge Benefits, Annual Rewards, Golf Benefits, and cover for cancelled flight and hotel bookings
Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.
Paytm announced a partnership with Shriram Finance Limited to offer financial services to its users including loan products. Through this partnership, Shriram Finance’s products will be made available on Paytm’s platform digitally to further expand access to credit and drive financial inclusion in the country, Shriram Finance said in a press release.