#LazyPay Online Payment App

[insynccorp]

Lazypay is a digital platform that is integrated with the Human Resources Information System (HRIS) and allows all types of companies, from small to mid-enterprise to manage employee benefits more flexibly without incurring large costs.

[mukeshverma1]

Explained: The Distinction Between Buy Now, Pay Later (BNPL) and Consumer Financing Platforms

In recent years, the landscape of online shopping and payment options has seen a significant shift, giving rise to innovative financial solutions that cater to the evolving needs and preferences of consumers. Two such popular alternatives are Buy Now, Pay Later (BNPL) and Consumer Financing platforms.

While both these options offer flexibility in managing payments, they function quite differently and serve distinct purposes. In this blog, we will delve into the world of BNPL and Consumer Financing, understanding their differences, benefits, and potential considerations for consumers.

Buy Now, Pay Later (BNPL)

The Concept: Buy Now, Pay Later often called ‘Shop Now Pay Later’ is a payment model that allows consumers to make purchases upfront but split the total cost into smaller, interest-free installments over a predefined period. Unlike traditional credit cards or loans, BNPL services are typically offered by third-party providers and integrated into the checkout process of online retailers. .

How it Works: When a consumer chooses to use BNPL, they can select the option at the checkout page of the online store. The consumer is required to create an account with the BNPL provider, and after a quick approval process, they can complete the purchase without paying the full amount upfront. Instead, the total cost is divided into several installments, usually spanning over a few weeks or months.

Key Features:

Interest-free: One of the most appealing aspects of BNPL is that it typically does not charge any interest on the installments. As long as the consumer pays on time, they can avoid any additional costs.

Convenience: BNPL eliminates the need for credit checks, making it a more accessible option for consumers who may not have access to traditional credit or prefer not to use credit cards.

No Hidden Fees: BNPL providers are transparent about their terms and conditions, ensuring that consumers are aware of the payment schedule and any potential fees upfront.

LazyPay App - Where simplicity meets accessibility!

With a hassle-free approval process and the convenience of our 'One Tap Feature,' LazyPay is the go-to solution for over 45,000 online stores, empowering users to elevate their lifestyles. This provides Shop Now, Pay Later services to make a positive impact on people's lives, enabling them to defer the payment period. It supports over 20,000+ billers in categories such as electricity, water, gas line, gas cylinder, DTH, FASTag, landline, internet and many more. Just provide some basic information and get your credit limit checked. LazyPay will remind you regularly, and you can track your spending and make fast repayments.

The Distinction and Choosing the Right Option

The primary difference between BNPL and consumer financing lies in the nature of the transactions they cater to. When deciding between BNPL and consumer financing, consumers should consider the following:

Repayment Period: BNPL usually offers shorter repayment periods, often ranging from a few weeks to a few months. Consumer financing, on the other hand, can extend to several months or even years.

Interest Tolerance: If a consumer prefers avoiding interest altogether, BNPL is the obvious choice. However, if they are comfortable with interest payments for the convenience of deferred payments, consumer financing might be more appropriate.

Credit Score: BNPL services typically do not require a credit check, making them accessible to individuals with varying credit scores. In contrast, consumer financing usually involves credit checks, and a good credit score can lead to better terms.

[tastebanana]

Circle pay app vietnam

#Circle pay app vietnam how to

#Circle pay app vietnam free

Note: many people have more than one mobile connection, so figures for mobile connections may exceed 100% of the total population. The number of mobile connections in Vietnam in January 2021 was equivalent to 157.9% of the total population. Step 4: Simply pay with your bank account, credit card, debit card, or PayPal account. This survey was conducted among 383 mobile payment users in HCM and Hanoi from the age of 18 - 44 years old. This report illustrates the motivation, usage and popular apps among Vietnam mobile payment users. Step 3: Pick a trusted cash delivery service in Vietnam, including Sacombank. Mobile payment changes the ways to spend in many Asian countries and the same trend came to widespread in Vietnam. Step 2: Provide your recipient's name and home address.

#Circle pay app vietnam how to

The number of mobile connections in Vietnam increased by 1.3 million (+0.9%) between January 2020 and January 2021. How to send money for home delivery to Vietnam. There were 154.4 million mobile connections in Vietnam in January 2021. We have also included new sources in this year’s social media figures, so numbers shown here and in our Digital 2021 reports will not be comparable with numbers published in our previous reports. Note: Figures for social media users shown here and in our complete Digital 2021 reports may not equate to unique individuals. The number of social media users in Vietnam was equivalent to 73.7% of the total population in January 2021. The number of social media users in Vietnam increased by 7.0 million (+11%) between 20. There were 72.00 million social media users in Vietnam in January 2021. Note: we no longer include data sourced from social media platforms in our internet user numbers, so the numbers shown above and in our complete Digital 2021 reports are not comparable with numbers published in our reports from previous years. Internet penetration in Vietnam stood at 70.3% in January 2021. The number of internet users in Vietnam increased by 551 thousand (+0.8%) between 20. There were 68.72 million internet users in Vietnam in January 2021. ģ7.7% of Vietnam’s population lives in urban centres, while 62.3% lives in rural areas. Vietnam’s population increased by 852 thousand (+0.9%) between January 2020 and January 2021.ĥ0.1% of Vietnam’s population is female, while 49.9% of its population is male. 1 lakh.Vietnam had a population of 97.75 million in January 2021.

Sign up in the LazyPay app to enhance limit upto Rs.

Get a personalized credit limit from LazyPay to shop.

#Circle pay app vietnam free

Enjoy upto 15 days interest free credit to Buy Now Pay Later.Available on all your favourite apps & websites.No transaction failures at the checkout page.Quit entering multiple OTPs & card information, in One click your transaction is successful.Stack all your orders when you shop & pay only one LazyPay bill.One Tap to checkout on your favourite apps for food, movies, travel & more.In addition to its exclusivity, LazyPay is simple and easy to use too.Įxtending the convenience to Buy Now Pay Later for all your shopping online, LazyPay comes with a host of benefits that’ll leave you coming back for more! done! You won’t hear from your dues until the next repayment date- that comes every 15 days.īut hey! You know what- quit speculating around! With LazyPay on your favourite merchants including Swiggy, you can Pay Later your way into all your orders in One Tap. Circlepay is connected to top banks in Vietnam and Thailand. Instead, the customer uses online banking facility and automatically monitors the online payments. This time, you head straight to cart & select ‘Pay Later LazyPay’. We are an online payment platform that allows consumers to buy online without using traditional forms of payment such as credit card. Let’s add another layer to this hypothesis, you’re browsing for meal options on Swiggy, hunger makes you vulnerable and you’re again looking down at the 4 digit cost for the one course meal. Suddenly you’re looking down at a 4 digit cost for a one course meal? You’re browsing for what to order for lunch, add to cart a couple of budget friendly options, are prompted for something to drink with that too, listen to the part of you that says. Following on the examples of super apps, ZaloPay is a mobile payment app with many features such as transfer money, pay phone recharge and online bill payment. With multiple eligibility parameters & risk profiling, you enjoy exclusive bragging rights if you find LazyPay at the checkoutīuy now Pay later for your purchase is really easy! LazyPay is a unique option, available to users who have been approved for this service.

[servicesatpar]

What is "Pay Later"? How Does Buy Now, Pay Later Work?

As the term conveys, you can purchase your products now and pay for them later. Using Buy Now Pay Later option buyers can break their purchases into equal instalments payments without interest or expenses, even without using credit cards, which can make even the most important-ticket objects seem low cost. This pay later facility is becoming increasingly popular by the day.

Faster Payment Option

Buy Now Pay Later facilities have opened a fairly simple user-friendly interface to avail a loan with just a few clicks. Most of the apps do not charge any additional interest. There may be a penalty for late payments. You can basically buy something with no money and pay for it later.

Use It for Anything and Everything

You can have your food delivered or book a flight ticket. All these facilities are just one click away. With BPNL options, there will not be a full stop to your dreams. You can divide the payment amount into small costs and a recompense over a period of time. 

Helps You Take A Leap

It has been helpful for small start-ups to kickstart their business. Earlier, one has to have collateral to offer for a loan and go through all that tedious documentation process just to get a merger loan. With pay later,  many small business enterprises have been able to start their business with much ease and transparency. Also, there wasn’t an end-of-the-month bomb ticking over their heads for loan repayments.

No Extra Charges

There are no processing charges and no consultation fee. You just need a bank account and your conscience to pay your dues on time. You don’t have to worry about credit card numbers or CVVs anymore.

Also Merchant Friendly

Pay Later option has also benefitted merchants. It has facilitated to attain to the younger crowd which was a little harder earlier. Buy Now Pay Later has become a feasible option even for outlets. BNPLfacilities are an extremely good way to attract new buyers to your keep and empower current ones to spend more. For merchants, the use of BNPL has expanded conversion costs, extra common order totals, and extra repeat purchases. As a service provider, you constantly get paid the overall amount upfront. Pandemic has subsequently accelerated its popularity and has especially helped e-commerce sites to expand their finances. Especially during the festive season where you loosen your purse strings to their very ends, this option appears beneficial for both sides, both retailers and consumers.

There are two types of pay later facility-

No longer price the customer any interest, instead of charging the service provider a transaction charge - For Retailers

The consumer can attain an instant loan via a third party. The consumer is able to get hold of the purchase at that second, but pay in additional time - For Consumers

Let us take a look at its key advantages

Provides instant credit without you worrying about other payment option. A rather smooth purchase

The scan-to-pay option, very easy to use and lets you complete your transactions using UPI

Not just online, there are offline payment facility in various apps

By using this you do not have to share your net banking details

No credit card swiping, no pin needed- an added safety advantage

Popularity is Ever-growing

India is growing as an IT hub and digitisation is ever-expanding. The one-click payment option is extremely popular among the young crowd. Pay later apps like LazyPay provide instant loan Rs 1,00,000 with three easy steps reviewing payments every 15 days. You can party your heart out and pay it flexibly.

You can pay your bills, your tuitions, for groceries, or anything you want with this seamless option. You can choose your tenure, interest-free, to make repayments. If you remain punctual and obedient towards your payments you can also maintain a good credit score. Considering various aspects of it, pay later is definitely an inviting offer.  

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[paynxt360]

Future of the Indian fintech industry after RBI’s new guidelines

The RBI's s recent notification in June 2022 states that prepaid payment instruments (PPI) cannot be loaded with credit lines. This rule will likely influence the country's Indian financial technology industry and fintech players. The latest notification supports the previous circular, the "Master Directions on Prepaid Payment Instruments (PPIs)," issued in August 2021, to provide authorization, regulation, and supervision of entities issuing and operating PPIs in the country. RBI plans to remove any regulatory trading that a wallet or non-banking PPI may have versus a bank.

RBI disallowed non-banking wallets and prepaid cards from loading their credit lines onto these platforms and directed them to immediately stop such practices. These include mobile wallets, a travel card issuer or someone using non-bank-issued PPIs for other purposes. After this notification, non-banking financial companies (NBFCs) cannot have accounts that allow users to pay; instead, users can take money into the bank account and pay from the bank. Additionally, mobile wallets are not allowed to issue a credit to customers.

The new RBI guidelines will impact wallets and prepaid cards linked to credit lines that allow Buy Now Pay Later (BNPL), such as LazyPay, Slice, Uni, MobiKwik, EarlySalary, Jupiter, PostPe, Fi, and Ola Postpaid. These wallets are mostly partnered with banks, NBFCs or sometimes both, for the credit line. For instance,

In the process of availing of an instant loan facility through MobiKwik, users need to download the app and complete minimum wallet KYC to get an instant approval for a loan, and the credit will be routed to the user's MobiKwik online wallet. Hence, the user is loading his non-bank PPI (MobiKwik wallet) through a credit line offered by MobiKwik in collaboration with banks or NBFCs. MobiKwik has partnered with one bank named "IDFC First Limited" and five NBFCs, including Fullerton India Credit Company, Western Capital Advisors, Incred Financial Services, Growth Source Financial Technologies, and Home Credit India Finance. Moreover, it is not clear whether the credit line is routed to the user's wallet through a bank or NBFC with a bank partner.

Similarly, LazyPay has partnered with banks such as SMB Bank India and Visa and NBFC PayU Finance. If the user wants to apply for an instant loan facility, it is ambiguous whether the credit line is directed to the user's wallet through the bank or NBFC.

Slice has partnered with four NBFCs, such as DMI Finance Private Limited, Quadrillion Finance Private Limited, Northern Arc Capital Limited, and Vivriti Capital Private Limited. Hence, the credit is facilitated to the users through one of these NBFCs.

Paytm Postpaid has partnered with one NBFC, Clix Capital, through which the credit is facilitated to the users.

The Indian BNPL industry is expected to reach around US$ 100 billion by 2023. This represents that the BNPL sector in India is growing at a very fast pace, with more and more companies venturing into this market. As BNPL and PPIs are growing significantly in the country, it is mandatory to keep track of transactions and regulate the credit capacity of PPIs. RBI has announced the updated guidelines to benefit the end user from getting the desired loans from only partnered banks.

Various fintech startups such as Jupiter, EarlySalary, Paytm Postpaid, and OlaMoney have suspended their credit-linked card services after the RBI's ban on NBFCs loading credit to e-wallets.

Jupiter Edge, a unit of the neobanking platform of Jupiter and EarlySalary, has informed its customers on social media about pausing its card services as part of RBI's new guidelines.

Paytm Postpaid, a BNPL arm of Paytm, has withdrawn its credit services on third-party apps such as Zomato and Swiggy following the RBI's announcement.

OlaMoney Postpaid has informed its users that it is disabling the option of using postpaid services with the user's balance on the Ola Money card or wallet.

However, fintech companies are planning to seek an extension of at least six months to comply with the new RBI guidelines. As per the meeting held by the Digital Lenders Association of India (DLAI), the fintech industry association plans to send a petition to the government and RBI, seeking a logical explanation for the circular sent previously.

To know more and gain a deeper understanding of the BNPL market in India, click here.

[kenresearchcompany]

India Buy Now Pay Later Market Size, Share, Growth Rate, Trends and Forecast Research Report 2026: Ken Research

Buy Now

Market Overview

Buy Now Pay Later (BNPL) is a payment option that enables the customers to make purchases online and at stores without having to pay the entire amount upfront. Aspects propelling the growth of the market include digitization, augmenting the merchant adoption, the increasing repeat utilization among younger consumers, and the introduction of new players proposing lending through BNPL services. Younger consumers prefer utilizing the BNPL services as it delivers the several benefits, such as buying high-cost laptops and smartphones and making payments for the stationery products.

Report Overview and Analysis

According to the report analysis, ‘India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value’ states that Indian Buy Now Pay later market grew at a CAGR of ~321 % by the Gross merchandise value (total value of the loans disbursed to clients), throughout FY’19-FY’21. The Average ticket size has revealed a ~24x growth during the same period as well.

Market Segmentation

E-commerce, and food aggregators deliver the majority GMV with ~38% of market share in the total GMV of BNPL market across India. Online transactions are prevalent associated to offline PoS transactions, and South zone accounts for majority of the requirement for BNPL services.

Trends and Opportunities

Technological innovations coupled with the notable augment in internet penetration globally have enabled financial service providers to propose the novel digital services to customers. The growing popularity of mobile-based apps for making payment transfers also influence the requirement for internet banking. Not only has this, the robust growth of the e-commerce sector has assisted the fintech companies to advance their footprints for BNPL solutions. For instance, the Amazon Pay Later services proposed by Amazon.com, Inc., have more than two million users in India and have already been utilized by more than 10 million times since its launch during April 2020.

On the basis of market research report of Buy Now Pay Later, the higher smartphone acceptance and the requirement for speedier internet connectivity have influenced the merchants and customers to receive and make payments via the digital platform. In addition, the BNPL platform also assists the QR-code option that enables the customers to scan the code and make respective payments. However, great late fees charged by BNPL service providers are projected to hinder the India Buy Now Pay Later Market Growth Rate over the forecast period. Moreover, credit providers and banks that propose the BNPL services place charges on both the merchant and the client.

India Buy Now Pay Later Market Major Players

The market is ascetically fragmented. BNPL is a beneficial service for both customers and merchants. Prominent providers, making their manner toward the e-commerce ecosystem by enlarging their footprints and gaining new customers. BNPL is becoming a progressively popular method for customers to make buy in-stores and online. A high number of retailers are aiming on accepting these point-of-sale and online installment loans as payment approaches, thereby generating the growth opportunities for the BNPL solution providers. The increasing e-commerce industry is further projected to provide the market over the forecast duration. Some of the prominent players in the India buy now pay later market are:

Lazypay

Simpl

Zest Money

Kreditbee

Cashe

ePayLater

Platform based (e-commerce, online travel aggregators)

Capital Float (Amazon Pay Later service provider)

Flipkart Paylater

Ola Money postpaid

Card based Players

Slice

Postpe

Dhani Onefreedom Card

Request for Sample Report @ https://kenresearch.com/sample-report.php?Frmdetails=NTE1MDY0

M-wallets offering BNPL Services

Freecharge Pay Later

Paytm Postpaid

ZipPay later by Mobikwik

Banks offering BNPL Services

Pay Later by ICICI

Covid-19 Impact India Buy Now Pay Later Market

The COVID-19 pandemic has had an optimistic impact on the India market. With the crisis limiting household incomes across the India, the search for liquidity has been preeminent. The pandemic has propelled a new normal in online shopping where customers are confident in buying the products with several online payment gateways. In addition, banks are often deterred from delivering the credit in challenging economic environments. In such cases, BNPL solutions assist the customers in paying their bills in installments. As a result, BNPL transactions have meaningfully increased throughout the COVID-19 pandemic.

India Buy Now Pay Later Market Future Outlook

The Used Buy Now Pay later Market in India is projected to augment with the increasing adoption of smart phones and internet penetration, credit requirement unfulfilled by credit cards, and convenience proposed by BNPL platforms. Over the review period FY’22-FY’26, the India Buy Now Pay Later Market is further predicted to showcase an upward trend in terms of Gross Merchandise Value (“GMV”) and average ticket size, much quicker than the earlier years, with the market consistently enlarging. Predicted RBI regulations are projected to make the market more secure for clients as well.

For more information on the research report, refer to below link:

India Buy Now Pay Later Market Size & Trends Report 2026

Related Reports

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Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249

[supernews]

MakeMyTrip partners with banks, NBFCs for 'book now pay later' option

Online travel firm MakeMyTrip on Thursday said it has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its 'book now pay later' option while booking flight or hotels.

The company's fintech arm TripMoney has established a marketplace attracting 15 banks, NBFCs and fintech players, which also include Kissht, Lazypay and Simpl, among others, to offer easy travel credit to travellers, MakeMyTrip said in a statement.

The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app, it added.

"The BNPL and EMI options will help provide easy and quick access to short-term credit for our customers on attractive terms. This will help travellers meet their aspirations to travel more frequently and to newer destinations," MakeMyTrip Co-Founder and Group CEO Rajesh Magow said.

The online travel services firm said the initial response to BNPL on the MakeMyTrip platform has been very encouraging and it has witnessed 60 per cent growth in BNPL transactions quarter-on-quarter over the past one year.

Read more

[amrinaalshaikh]

Shopping made easier with LazyPay online quick services

All of us would have dream about packing to the highest peaks for taking your significant other on a fancy dinner at some point in our life. Pay Later online apps such as LazyPay enable its users to achieve those delights in life. We have responsibilities, such as arranging funds for pending bills, constantly checking account balances, making budgetary adjustments to pay for rent, food, and transport.

LazyPay offers swiftness and amazing convenience through its pay later online services so that customers can get instantaneous access to credit in emergency times. The credit limit in LazyPay is setup up to a maximum extent of Rs 100000. The patrons of Shop Now Pay Later online apps such as LazyPay can make purchases on the websites of over 100 reputed retailers. The pay later online services of LazyPay ensure that your shopping requirements are completed in a hassle-free way and that too without the need to borrow money.

Let’s go through the LazyPay’s Shop Now Pay Later Online services:

1. Enhanced credit limit

Immediate access to funds is made available to the customer by a single tap on the pay later online service of LazyPay. The pay later online services are activated at the checkout of multiple merchant establishment websites. This credit limit comes with zero application of interest for up to 15 days from the end of the billing cycle. The lifestyle needs of modern customers are effectively met by using this enhanced credit limit.

2. EMI loan at LazyPay

This is another wonderful option provided to LazyPay users to clear the outstanding balance on their buy now pay later account through affordable EMI options. These services are heaven-sent to the Gen Z employees who make frequent purchases who now have the freedom to go for those extra luxuries in life without worrying about how to pay for them.

3. Consolidated bill payment

This is yet another great feature of Buy now pay later online apps such as LazyPay. All your shopping transactions can be collated into a single platform, and repayment can be done in a lump sum in a safe, secure, and stress-free way. Bill consolidation and its timely payment positively impact the credit history of the customer. Your spending habits are frequently tracked and analyzed by the algorithms of LazyPay so that users can be made financially responsible in the future.

The auto-debit facility provided by LazyPay ensures that customers do not miss their payment due date. The customer service teams of LazyPay stay in communication with users and inform them of the sensitive dates such as interest application date and payment due date.

4. Accepted by IRCTC and Taxi aggregator services such as Uber

LazyPay’s Buy now pay later online services are a boon to travelers. Tourist and business professionals who are constantly on the move can use Shop now pay later online services on various transport websites such as IRCTC and e-travel smart. Taxi aggregator services like Uber and Ola are accepting LazPay payments, thus ensuring the contactless transactional ability to the customers and at the same time protecting the safety of their financial information like debit card pin numbers.

5. Cash Back Offers

The Pay later online services are also providing attractive cashback offers and incentivizing the use of digital transactions. Customers can conduct Direct to Home recharges and pay their mobile bills and electricity bills on time using the pay later online services. Shop now Pay later online apps such as LazyPay rewards its users by giving maximum cashback of Rs 150. Customers should make their payments on time to become eligible for the cashback offers. Customers of shop now pay later online apps can take advantage of the interest being credited by the bank on their savings account balance.

Shop now pay later online apps offer a robust, transparent, and error-free payment mechanism that is specifically useful to those who conduct a high number of online transactions. LazyPay app also inculcates a sense of financial discipline in today’s workforce by focusing on the merits of building a clean credit profile. LazyPay is the stepping stone for its customers to enjoy its pay later benefits and imbibe financial prudence as well.

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[asthaswamy]

Use the LazyPay UPI ID to make instant payments that you can pay back later

Do you want to live your life without constant financial stress? Are you tired of compromising at every step to stay within your budget? Then LazyPay is here to solve all your problems. LazyPay UPI ID will let you make instant purchases on credit and then pay it off later.

How to use LazyPay UPI ID?

LazyPay UPI ID works as a credit-based alternative to Bhim UPI. This means that it combines the benefits of UPI service with a digital credit card service.

LazyPay UPI ID lets users spend upto Rs 1 Lakh on credit and then start to pay it back later after 15 days. LazyPay removes the hurdles from making instant large purchases by letting users make the purchase and then clear the payment later.

How to register for the LazyPay service?

In order to become a LazyPay credit user, customers will have to create a LazyPay account. They will have to provide ID proof, address proof, KYC and link their bank account to their LazyPay account.

LazyPay users who provide their valid details will be eligible to use the LazyPay UPI id. This UPI ID can be used to make payments at many different online and offline locations. In order to use the UPI ID at offline locations, customers can use LazyPay Scan and Pay.

LazyPay UPI ID is not only beneficial for being a credit-based service but there are also many special LazyPay UPI ID offers. This includes cashback on certain payments and discount coupon codes. These make using LazyPay even more economical than a basic UPI ID application that requires instant debit of funds from the user’s account.

LazyPay UPI ID also does not have a transaction maximum limit. This means that users can spend their total 1 lakh credit all in one single transaction.

LazyPay service for larger credit requirements

LazyPay also covers the needs of users who require a larger amount of credit. LazyPay has an instant personal loan service that can be applied for and allocated completely digitally. Registered LazyPay users with valid account details can apply for a LazyPay personal loan. The maximum amount that will be provided to them depends on the user’s credit score.

LazyPay personal loan tenure is very flexible, and repayment can be made anywhere between 3 months and 2 years. The interest rate on LazyPay personal loans is 15% to 18%.

LazyPay personal loan credit amount can also be used through the LazyPay UPI id. LazyPay makes the long, cumbersome process of credit approval easier and simpler so that people do not have to give up on any dreams or opportunities because of an immediate lack of funds. Special UPI payment offers and LazyPay credit payment cashback deals make using LazyPay service even more lucrative.

Sign-up for your own LazyPay account and access nearly 1 lakh credit amount through your UPI ID to make any payments or purchases that require your immediate attention. Then take the next 15 days to organize your finances and start paying off the amount you spent on credit.

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[amnashareefsworld]

Here is the best way to get easy credit. Instant loan online with Lazypay

Lazypay offers credit instant loan online for all types of short term and long term needs. It could be to purchase a smartphone, renovate your home, purchase a refrigerator, go on an international vacation, or to repay an impending bill.

Easy credit for shopping

You can shop now for the goods and commodities that you need. You can also purchase luxury items. Never be deprived of anything that you see and want to purchase. Simply take a Lazypay online instant credit and purchase it right away. Then repay your loan through equated monthly installments.

Lazypay instant loan offers one-tap payment. You can make your purchase at any eCommerce store or retail store. The list includes all major eCommerce sites, food sites, travel sites, or movie sites, including Flipkart, BookMyShow, MakeMyTrip, and Swiggy.

Instant credit for short term finance

Lazypay does not ask you what you do with the money. This means that you can take up to a 1 lakh loan. Then use the money to travel, buy a bike, get married, go on a honeymoon, or use it as short term finance. Your current pressing needs can be taken care of. No need for long waits at banking counters. No extensive documentation process. No requirement for lengthy signing and approval processes.

How to use Lazypay on an eCommerce store?

Do you fancy a new mobile gaming laptop that has been recently launched on Flipkart? If you are worried about credit, instant loan online awaits you. You can buy it right now with Lazypay. Head over to the ecommerce store. Select that product. While checking out, select Lazypay under the equated monthly installments options. Choose you EMI plan, something that is convenient to you. Confirm your purchase over an OTP. That’s it. The mobile gaming laptop is yours.

Similarly, you can make these types of purchases on anything that you set your eye on. Ensure that you clear your existing loan. By doing this, you are not only purchasing all that you ever dreamt of, but also maintaining a clean track record with Lazypay. So that Lazypay can continue to give you loans. And you can continue to purchase what you want, or go where you want, or do what you want with the money!

Rummage through thousands of products and fill your home with the fanciest of items!

Lazypay as an option is available to be used on thousands and thousands of items. After you check free credit score, start using Lazypay once you get your eligibility details. On Flipkart itself, you will be astonished as to the number of products you can purchase with Lazypay. What was seemingly inaccessible due to its price point is now accessible with a few simple steps. From TVs to stereo systems to air purifiers to high-end laptops – there is a huge range of items waiting to be purchased.

Get smart – get Lazypay

Lazypay is available as an iOS and Android app. It is an app for smart buyer. The new generation modern millennial who knows what they want. This is as easy as it gets when it comes to easy credit. Instant loan online is no more a chore – but a tap away.

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[avanidas]

Get Attractive Offers From Lazypay

With Lazypay, you can go shopping at your favourite mall or make payments for your utilities, or order online. You can always depend on Lazypay who offers instant credit to its customers. In these few years, more and more banks, shops and even merchants like Swiggy, BookMyShow, MakeMyTrip, TataSky, Big Basket, Flipkart, Zomato and a host of other merchants and much more.

Lazypay is a technology platform owned by PayU Finance India Private Limited. It is an NBFC (Non-Banking Finance Company). It is registered with the Reserve Bank of India and offers a wide range of products to its registered customers. The criteria for eligibility is

You should be currently employed professional

You should be a resident in a major Tier-1 or Tier-2 City of India

You should be between the ages of 22 and 55 years of age.

You should be a resident Indian

Register Within Minutes

Registration is quick and easy and requires a minimum amount of documents. All you need is your Aadhaar card, PAN card, and a passport size photograph. You will also need Proof of Address, Photo ID. Once you are verified, a credit limit is decided and you can start transacting immediately. Your personal data is safe and secure since the system is guarded by a sophisticated multi-layer firewall.

What’s on offer by Lazypay?

Lazypay offers a range of products that helps its customers with instant credit to shop, make payments, transfer funds between bank accounts, etc., their products include:

1. Personal Loans

You can take a personal loan of up to ₹1 lakh. The loan can be up to your credit limit. The loan can be paid in instalments within 3 to 24 months. The interest varies from 15% to 32%. There is also a processing fee of 2% of the loan amount.

2. Buy Now Pay Later

Lazypay allows you to buy online on credit to the extent of your credit limit. All transactions during the month will be consolidated and a bill for the outstanding amount will be sent. The bill has to be paid on the 3rd and 18th of each month.

3. No Cost EMI

Shop online for all your requirements and pay at a later date via No-cost EMI or low-cost EMIs. EMIs can be paid within 3 to 12 months. This eliminates the high-interest rate of credit card companies.

4. Scan and Pray Later

Lazypay introduces this option so that you can transact with any vendor/merchant that uses the UPI platform. The outstanding amount has to be paid within 15 days.

Offers by Vendors for Lazypay customers

Many vendors make offers for Lazypay customers. These are for a limited period of time. Currently, there are some of the vendors include Zomato, BookMyShow, Abhibus.com, MedLife, who are offering attractive cash backs and another incentive. The TataSky cashback offers give you ₹50 for a recharge of ₹250 (minimum). The cashback will be deducted from the outstanding amount. The TataSky offer is valid from April 10 to 20, 2021. Tatasky coupon code is required to avail of this offer.

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[servicesatpar]

Credit Score: How Financially Healthy Are You

What is a Credit Score?

A credit score is a numerical representation of the consumer’s creditworthiness. It analyses the ability of an individual to repay borrowed amounts. Credit scores are three-digit numbers falling between 300 and 900 with 900 being the highest.

Why is a Credit Score important?

According to an article on paisabazaar.com[1], 79% of the approved loans are for individuals whose credit scores are 750 or more.

It is important to keep an eye on your credit score to understand and rectify your credit standing. Individuals need to build a solid credit history to become eligible for loans in the future.

High credit scores will lead to numerous advantages:

Lower loan interest rates

More rewarding credit cards, higher credit limits on cards

Avail pre-approved loans, longer tenure loans

Avail discount on loan processing and other fees

Advantageous stand during loan negotiations

What factors affect Credit Scores?

According to CIBIL, the four major factors[2] affecting an individual’s credit scores are:

Payment history – How regular you are in re-payments, how many times have you defaulted your EMIs, etc.

High credit utilization – Increase in current account balance may indicate a high expenditure burden

Credit-type mix – The ratio of secured loans, unsecured loans, personal loans, and credit cards

Multiple inquiries – How many loans, overdrafts, and credit cards have been sanctioned in recent times – indicative of sudden debt responsibility

How to improve your Credit Scores?

The importance of maintaining a healthy credit score cannot be stressed too much. The following steps will help individuals improve their credit scores:

Timely repayment of dues

Keep your credit balance at the minimum – as much as your financial circumstances will permit

Maintain a balanced mix of types of loans – too many unsecured loans will be views negatively

Be moderate and do not apply frequently for more credit – it may be looked upon unfavourably

Monitor your co-signed, guaranteed, and joint accounts for missed payments and negligence which can negatively affect your credit score

Keep monitoring your credit score and frequently call for your credit score reports to ensure the correctness of the report and report any inconsistencies/ mistakes due to no fault of yours as that will also affect your credit scores

LazyPay Credit Shield

LazyPay has partnered with CIBIL to help do a credit check and provide credit score reports to its users.

TransUnion Credit Information Bureau (India) Limited (viz. CIBIL) is the most popular credit reporting agency in India. A credit score from SIBIL of 750 and higher is extremely crucial for securing loans.

How does LazyPay Credit Shield help its users

Users of LazyPay Credit Shield will receive a credit score report (worth INR 1200) from CIBIL for free

You will receive personalized alerts on missed payments.

You can protect yourself from misreporting.

LazyPay is working towards getting its users expert advice on how to improve their credit scores.

LazyPay Credit Shield does not have any impact on users’ actual credit scores.

LazyPay is the fastest and the most convenient way to get credit online with minimal documentation and easy EMI options.

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

[paynxt360]

Young consumers are attracted to buy now and pay later as more companies entering into the space

Buy now pay later service is driving many fintech companies into the world of credit offering and installment payments. Young consumers are attracted to BNPL because it provides easy loans with few barriers. The major reasons consumers opting these services are the inability to pay the full price of a product or service, budgeting, and avoiding interest charges or fees. BNPL is a better form of credit than credit cards, resulting in hidden fees, penalties, and compounding interest.

In addition to major players in the BNPL market such as AfterPay, Affirm, Klarna, LazyPay, Simpl, ZestMoney, and PayPal, many new companies are entering this space. For instance,

Apple, the world's second-largest smartphone manufacturer, has announced its plan to enter into BNPL space in June 2022. With this new Apple Pay Later service, the company is expanding its financial services, including credit cards and mobile payments to BNPL. Apple Pay Later allows users to pay for products in four equal installments monthly without interest. As per industry experts, key competitors in the BNPL space such as PayPal, Affirm, and Klarna are in trouble with the new entrant.

National Australia Bank (NAB) launched NAB now pay later service in May 2022. This service allows users to access up to US$ 695 and split payments into four installments wherever a visa is accepted. NAB now pays later services and offers no late fees, account fees, and interest. This service can be integrated into the NAB app, allowing customers to add this service to their digital wallets as a virtual card for online or in-person payments. NAB is the last bank of the big four that introduced some versions of BNPL.

Rite Aid, an American retail pharmacy chain, has partnered with BNPL payment platform AfterPay to provide its customers an easy way to purchase products and pay in four installments without additional cost when paid on time. Rite Aid is planning to launch its BNPL offering to online customers at its e-commerce site, and it will roll out this flexible payment option in stores in the coming months.

To sustain the competition from new entrants into the BNPL market, existing market players are expanding their offerings by partnering with other platforms. For instance, BNPL provider Affirm has partnered with Singapore's online travel agency Agoda to provide BNPL options for approved travelers. Travelers can book hotels costing more than US$ 50 on the Agoda platform and make interest-free payments every fortnight or once a month through Affirm's checkout. As traveling has become normal, like pre-covid level, the travelers are now seeking flexible options to pay for trips over a time instead of a lump sum amount.

According to PayNXT360’s Global BNPL Consumer Survey (Q2 2022), around 47% of young consumers in the age bracket of 25-34 years in India and 67% in the United States are early adopters of BNPL services. Furthermore, the Australian BNPL space is flocked by more than 71% of millennials. Based on the statistics, it is evident that most young consumers are using BNPL services worldwide. The dominating segments include fashion, electrical goods, household appliances, and furniture. Increasing smartphone penetration, rising adoption of social media among millennials and influencers partnering with BNPL companies are also driving growth opportunities for the BNPL market in coming years.

To know more and gain a deeper understanding of the global BNPL market, click here.

[kenresearchcompany]

India Buy Now Pay Later Market Outlook to 2026: Ken Research

Buy Now

India Buy Now Pay Later (“BNPL”) Market is expected to grow at a CAGR of ~400% between FY’21 to FY’26: Ken Research

Increasing smart phone and internet penetration, credit demand unfulfilled by credit cards, and convenience offered by BNPL platforms are some major growth drivers of the BNPL Market in India.

Younger Indian population has led to easier adoption of such a new technology, with aspirational consumers driven by lifestyle needs and increasing digital native population has contributed to the growth of this market.

26-35 Years age group is the prime segment of BNPL users, with ~40% of market share of the total Gross Merchandise Value (“GMV”).

Lazypay leads the BNPL market with ~39% of the total GMV followed by players such as Capital Float (Amazon Pay Later) and Zest Money

Regulation Changes by RBI: Introduction for policies regarding credit reporting, data storage, eligibility of BNPL companies has been recommended by RBI to Government of India and BNPL companies. Such policies include setting up of an independent body styled as Digital India Trust Agency (DIGITA) which will be responsible for regulating digital authenticity of apps.

Optimistic Growth of Merchant Partner Segments: All the major lending channels such as online food delivery platforms, E-commerce, online ride hailing and cab market, are predicted to have an optimistic growth rate of >20% on an average with food delivery market is poised to grow the most with ~30% CAGR from FY’21 to FY’26

Rise of Niche vertical focused BNPL Players: Healthcare sector is expected to grow at ~16% CAGR from FY’21 to FY’26, where a high demand and quick adoption of BNPL services is expected. Furthermore, retail and B2B BNPL services have seen a rise in terms of GMV as well. 

Securing safety standards of BNPL Service providers: RBI’s proposal for localized data storage, constructing consumer consent policies in accordance to RBI regulations, and making logs of customer usage of apps auditable will improve security standards of BNPL services, further increasing adoption.

Integrating UPI with BNPL: A major optimistic regulation that will be beneficial to BNPL market will be the integration of UPI with BNPL services, effectively registering BNPL functionalities with National Payments Corporation of India (“NPCI”).

The report titled “India Buy Now Pay Later Market Outlook to 2026: Cascading growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Partners due to increase in Customer Conversion and Sales Value” by Ken Research suggests that the India Buy Now Pay Later market is expected to grow further in the near future, with increasing adoption of alternative credit line among younger population of India. The market is expected to register a positive CAGR of ~400% in terms of GMV, during the forecast period of FY’21-FY’26.

Key Segments Covered in India Buy Now Pay Later Market

Indian Buy Now Pay Later Market Size and Segmentation

Analysis of BNPL market as a part of Digital Lending Sector In India

India Buy Now Pay Later Market Size, By GMV, In INR Crores, FY’19-FY’21

Trend Analysis of Average Value per Transaction, In INR, FY’19 to FY’21

Segmentation, By Mode of Payment (Online vs Offline)

Segmentation, By Lending Channels (such as E-commerce retail, Food aggregators, travel aggregators, etc.)

Segmentation, By Geography

Demand Side Analysis of the Buy Now Pay Later Market in India

Consumer Segmentation of the BNPL Space, By Age Group, FY’21

Cross Comparison of Major BNPL Players across major decision making parameters (such as onboarding process, ease of use, brand image, customer ratings, issueas and praise points by customers)

Supply Side Analysis of the Buy Now Pay Later Market in India

Market Share (By Gross Merchandise Value Loaned to customers, in INR), and Average daily Transactions (In INR), of Major Buy Now Pay Later Players in India, FY’21

Revenue Growth Analysis of Major Players in the BNPL Space, By Gross Merchandise Value Loaned to customers, in INR, FY’19-FY’21

Investment Analysis of the BNPL Players (Funding Rounds, total investments from FY’16-FY’21, Investors)

Comparative Assessment, By:

Vintage

Office Location

Number of Employees

Holding Company

USP

Merchant Partners

Lending Partners

Case Study of Niche BNPL Players

Case Study 1: EPayLater, the leading B2B BNPL Player in India

Case Study 2: SaveIN, a BNPL Player dedicated to healthcare

Outlook and Projections of the BNPL Market in India, FY’22 – FY’26

Future of Lending Channels of BNPL Space in India

Expected Changes in Regulations as proposed by RBI

Market Size of ‘Buy Now Pay Later Market in India’ and Projected Ticket Size, by GMV (INR), FY’22-FY’26

Key Target Audience

Scheduled Commercial Banks

Non-Banking Financing Companies

Buy Now Pay Later Companies

E-Commerce Platforms

Payment Gateway Companies

Online Food Aggregator Companies

Online Cab/bus/ flight booking platforms

Online Streaming Services

Healthcare Chains

Time Period Captured in the Report:

Historical Period: FY’16-FY’21

Forecast Period: FY’22-FY’26

Major Buy Now Pay Later Companies in India:

App-based BNPL Players

Lazypay

Simpl

Zest Money

Kreditbee

Cashe

ePayLater

Platform based (e-commerce, online travel aggregators)

Capital Float (Amazon Pay Later service provider)

Flipkart Paylater

Ola Money postpaid

Card based Players

Slice

Postpe

Dhani Onefreedom Card

M-wallets offering BNPL Services

Freecharge Pay Later

Paytm Postpaid

ZipPay later by Mobikwik

Banks offering BNPL Services

Pay Later by ICICI

Request for Sample Report @ https://kenresearch.com/sample-report.php?Frmdetails=NTE1MDY0

Key Topics Covered in the Report

Global E-Commerce and Online Food Delivery Market Snapshot

The Global Buy Now Pay Later Market Overview

Buy Now Pay Later and the Fintech Ecosystem in India

India Digital Lending Sector Snapshot

The Impact of COVID19 in customer behavior

India Buy Now Pay Later Market Ecosystem

Value Chain Analysis of India Buy Now Pay Later Market

Why is the BNPL market picking up traction in India?

Regulatory landscape of BNPL Market

Issues, Challenges and Risks in the Buy Now Pay Later Market in India

SWOT Analysis of the Buy Now Pay Later Market in India

Analysis of BNPL market as a part of Digital Lending Sector In India

India Buy Now Pay Later Market Size, By GMV, In INR Crores, FY’19-FY’21

Trend Analysis of Average Value per Transaction, In INR, FY’19 to FY’21

Segmentation, By Mode of Payment (Online vs Offline)

Segmentation, By Lending Channels (such as E-commerce retail, Food aggregators, travel aggregators, etc.)

Segmentation, By Geography

Consumer Segmentation of the BNPL Space, By Age Group, FY’21

Adoption Rationale of BNPL Services

Cross Comparison of Major BNPL Players across major decision making parameters (such as onboarding process, ease of use, brand image, customer ratings, issueas and praise points by customers)

Market Share (By GMV), and Average daily Transactions, of Major Buy Now Pay Later Players in India, FY21

Revenue Growth Analysis of Major Players in the BNPL Space, FY’19-FY’21

Investment Analysis of the BNPL Players

A look at Investment rounds of Major BNPL Players

Comparative Assessment: Company Overview (Vintage, Office Location, Number of Employees, Holding Company)

Comparative Assessment: USP, Number of Users, Merchant Partners and Lending Partners

Case Study 1: EPayLater, the leading B2B BNPL Player in India

Case Study 2: SaveIN, a BNPL Player dedicated to healthcare

Future of Lending Channels of BNPL Space in India

Expected Changes in Regulation as proposed by RBI

Market Size of Buy Now Pay Later Market in India and Projected Ticket Size, by GMV (INR), FY’22-FY’26

Industry Best Practices

Opportunities in the demand side

Industry Speaks

For more information on the research report, refer to below link:

India Buy Now Pay Later Market Size & Trends Report 2026

Related Reports

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Global Small Business Loan Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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India Online Grocery Market: Current Analysis and Forecast (2021-2027)

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[onlineandyou]

LazyUPI combines the best of Buy Now Pay Later with UPI

LazyPay, India’s most popular Pay Later offering by PayU Finance, launched a first of its kind digital credit card that combines the power of UPI and the Buy-Now-Pay-Later concept. Called LazyUPI, the offering enables users to access real-time credit using UPI across omnichannel networks, including offline merchants and e-commerce platforms. The solution is a strategic response to the market’s demand for easy access to credit across online and offline platforms and higher ticket-size pay-later options. With LazyUPI seamlessly integrated into existing LazyPay apps, customers can set up their accounts using a 2-minute KYC process. Hinged on the same principles of LazyPay, users do not have to go through the tedious process of linking their bank account(s) with UPI to access credit via LazyUPI. Based on the user’s credit history and payment behavior, LazyPay will offer a credit limit (upto INR 1 lakh) to users for UPI transactions at stores (online & offline). Users of LazyUPI also have the option to make part-repayments in case they are unable to repay in a monthly billing cycle with its Revolve feature. Just like a conventional credit card, this feature enables users to pay a Minimum Amount Due (MAD) and transfer the total outstanding amount to the next payment cycle, along with a standard interest rate. Read the full article

[surf2getretail-blog]

0 Down Payment EMI available with www.surf2getretail.com You need to download LazyPay app on your smartphone. Signup for credit limit, then use it to buy any products from Surf2get Retail online store. #emi #smartphone #smartphones #cardlessemi #zerodownpayment #gadgets #gadget #electronics #electronic #smartwatch #speaker #camera #photography #indiashopping #shoppingindia #onlineshopping #shoppingonline #onlineshoppingindia #indiaonlineshopping (at Indore, India) https://www.instagram.com/p/BtqqKWfH1JR/?utm_source=ig_tumblr_share&igshid=24a8xepnxuo3