Flipkart Launches ‘Pay Later’ Service; Pay Within 30 Days of Purchase

E-commerce companies are rapidly introducing services that offer customers a wider range of payment options during shopping. As part of this trend, Flipkart has launched its new ‘Flipkart Pay Later’ credit service. This allows customers to choose from various payment options at checkout based on their needs and budget. The company states that the initiative aims to make online shopping a better and more flexible experience. The service will initially be available on Flipkart, Myntra, and Flipkart Minutes. Flipkart has partnered with PayU Finance for this initiative.

Payment Options

Under ‘Flipkart Pay Later’, customers will have three options at checkout:

Pay Later – Eligible customers can make the payment up to 30 days after the purchase.

Pay in 3 – The amount can be repaid in three easy installments.

EMI – Payments can be made via installments ranging from 3 to 12 months. The EMI facility could prove beneficial for those purchasing high-value items such as mobile phones, electronics, home appliances, and furniture.

Service Available Across Categories

According to the company, this credit service will not be limited to high-value items; customers will also be able to avail of it for everyday categories like fashion, home goods, beauty products, and general merchandise. Flipkart states that the service aims to provide customers with greater payment flexibility tailored to their needs, enabling them to shop within their budgets.

Determining Eligibility

The company states that the decision to grant credit will be based on factors such as the customer’s transaction history, purchasing behavior, and other criteria established on the platform. Additionally, PayU Finance’s risk management processes will apply. Flipkart has indicated that other lending partners will be added to the program in the future to extend this facility to a wider customer base.