E-commerce market Flipkart on Thursday stated it has skilled a powerful adoption of ‘Flipkart Pay Later’ credit score facility, the place consumer base has doubled to over six million inside seven months. The firm, in an announcement, stated Flipkart Pay Later affords affordability in addition to a handy buying expertise to clients and is witnessing an upward pattern in month-to-month sign-ups.

“Flipkart Pay Later crosses 6 million customers witnessing a strong adoption and growth in seven months,” it stated.

Having just lately expanded its choices, Flipkart Pay Later supplies clients credit score as much as Rs. 1 lakh, relying on the consumer’s credit score profile.

“Customers can shop any number of times throughout the month and pay the total bill amount in part within 30 days or through EMIs,” the assertion added.

According to the assertion, Flipkart Pay Later facility permits clients to handle money flows higher by means of a credit score facility with no bodily paperwork and 0 down fee.

The 30-day credit score product has seen “significant adoption” in repeat buy classes resembling grocery, life-style, basic merchandise and residential.

“The longer-tenured EMI options have seen strong adoption in high-value categories such as mobiles, consumer electronics, and large appliances. This payment option currently processes more than three million transactions monthly, 90 percent of which come from repeat customers,” it added.