ePaylater

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ePayLater is a Mumbai-based fintech company founded in December 2015, offering a "Buy Now, Pay Later" solution that provides instant, interest-free credit to consumers and small businesses for online and offline purchases. Users can access credit limits ranging from ₹25,000 to ₹25 lakhs, with a repayment period of up to 14 days. The platform aims to bridge the credit gap in India by leveraging advanced data science and technology to offer seamless and secure payment experiences. Key Features and Functionality: - Instant Credit Approval: Users can sign up and receive instant credit approval without any processing fees. - Flexible Credit Limits: Offers credit limits ranging from ₹25,000 to ₹25 lakhs, catering to both consumers and small businesses. - Interest-Free Period: Provides an interest-free credit period of up to 14 days for all purchases from select partner merchants. - Seamless Integration: Integrates directly with large merchants, enabling one-click checkouts and a delightful user experience. - Omni-Channel Usage: Can be used across physical stores, web, and mobile platforms, offering versatility in payment options. - Simple and Transparent Pricing: Charges 0% interest if payments are made within the 14-day period; a penal interest of 3% per month applies in case of delay, with no compounding or interest on interest. Primary Value and User Solutions: ePayLater empowers consumers and small businesses by providing immediate access to credit, thereby enhancing purchasing power without the need for collateral. For consumers, it offers the flexibility to manage expenses better by deferring payments without incurring interest, provided payments are made within the stipulated period. For small and medium enterprises , ePayLater facilitates inventory procurement and business operations by offering collateral-free, zero-cost credit lines, thus addressing cash flow challenges and enabling growth.