We at ePayLater have come up with an innovative solution to help you transact on credit anytime, anywhere!
ePayLater has partnered with IDFC Bank to bring instant digital credit to individuals transacting online and offline, using BHIM UPI. For the first time, digital credit is made possible using the BHIM UPI railroad, the instant real-time payment system developed by National Payments Corporation of India. Individuals, merchants and small businesses can now opt for real-time credit, in addition to other prepaid modes of payment, for their purchases using BHIM UPI.
This means you can now use your ePayLater credit on any portal where UPI is accepted, bringing in the most frictionless way to transact on credit.
- The access to credit facility using UPI will initially be available to only a select set of customers of ePayLater.
- To gain access to the credit facility, you need to download the ePayLater app and sign up on it.
- Once the sign up is done, the customer can then start using the ePayLater credit at any outlet (online or offline) where UPI is accepted.
Here is how you can use setup your ePayLater UPI handle:
Here is a simple step-by-step video to help you create your UPI handle and use it to make payments.
In a country with a population of 132 crores, there are only 33 million credit card users. The availability of credit at the point of sale is more or less absent for a vast majority. With a continuous ingress of a younger working population, the need for digital credit is on the rise. We at ePayLater are now bringing technology solutions in partnership with nimble-footed and digitally savvy banks like IDFC to cater to this opportunity.
This innovation would bring Digital Credit in the hands of most consumers. It can completely change the way digital consumer credit is handled in India.