PhonePe launches Flipkart's Pay Later facility on its platform
Digital payments platform PhonePe has launched Flipkart's Pay Later facility on its platform which will enable PhonePe users to make purchases on credit and clear dues in a single monthly payment.
With this feature, customers will now be able to buy small-ticket items up to Rs 5,000 through a single click payment. Customers can register for this option on the Flipkart app and activate the feature on ‘My Money’ section on PhonePe.
Commenting on the launch, Deep Agrawal head of Payments at PhonePe in a statement said, “Flipkart Pay Later is a great way for eligible users to transact safely and conveniently on the PhonePe app. We are committed to creating wide-ranging payment options on the platform.”
Smrithi Ravichandran, business head, fintech & payments group at Flipkart, “After successful adoption of this payment solution on our platform, we believe this is the right time to share synergies between the group companies and bring this customer-focused solution on PhonePe.”
Flipkart launched its ‘Pay Later’ feature in 2017 and it is also available on the company-owned fashion e-commerce platform Myntra.
At present, Phonepe is present in more than 150 cities across India and claims to have over 150 million bank accounts linked on its platform.
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