BharatPe, announced it is entering the “Buy Now Pay Later” (BNPL) segment, with the launch of “PostPe”.
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| Buy Now Pay Later’ (BNPL) postpe |
PostPe will offer credit to customers.
- Customers can download the app from Play Store and avail interest-free credit limit of up to ₹ 10 lakh.
- Indian fintech firm BharatPe is aiming to facilitate a loan book of $ 300 million on PostPe in the first 12 months, for its lending partners.
- Customers will also have the option to pay for the item via a PostPe card which will be accepted across lakhs of offline merchants as well as on several e-commerce platforms.
- PostPe’s customers will also be able to unlock cashbacks and win rewards on their first as well as other specific milestone transactions.
- There will be no annual fee or transaction charges on payments done via the PostPe app or card.
