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DASH will be using Cashfree Payments’ point of sale solution, ‘softPOS’, to offer this service to more than 2,000 small merchants in Tier-3 areas.
KreditBee’s 6 million+ customers can avail the online checkout finance facility from Cashfree Payments’ 1.5 lakh+ merchant partners, including leading brands like Nykaa, EaseMyTrip, Livspace, Gonoise, Wakefit, among others.
Cashfree said the fund settlement will occur through Authorized Dealer Banks, and directly go out to universities outside of the Indian Territory, ensuring a secure and smooth transaction.
As per RBI guidelines, with effect from July 1, 2022, neither business nor payment aggregators can save customers card details on their platforms.