Flipkart Pay Later to provide credit to 100 mn new users

Ahead of the upcoming festive season, e-commerce firm Flipkart has extended benefits on its ‘Flipkart Pay Later’ offering to drive affordability and convenience of purchases on its platform. The ‘Flipkart Pay Later’ EMI facility opens a credit line of up to ~70,000 that can be paid back over flexible tenures of three, six, nine, and 12 months for eligible customers, enabling them to purchase products this festive season. “Many high-value purchases are made during the festive season,” said Ranjith Boyanapalli, head, Fintech and Payments Group at Flipkart.