LazyPay Goes Live With 'Buy Now Pay Later' EMI Option: All You Need To Know
NDTV
LazyPay is also integrating with PayU payment gateway, to extend the BNPL solution to more than 3.5 lakh PayU-enabled merchants.
PayU-owned 'Buy Now Pay Later' (BNPL) provider, LazyPay, went live with 'LazyPay EMI', where merchants can offer instant cardless equated monthly installments (EMI) option to consumers for a ticket size upto 1 lakh. LazyPay EMI is currently live on partner platforms such as Policyboss, Medvarsity, Learningbix, nexopay, among others.
LazyPay is also integrating with PayU payment gateway, to extend the BNPL solution to more than 3.5 lakh PayU-enabled merchants. LazyPay EMI will enable merchants to offer instant signup for credit to customers leading to quicker buying decisions and an increase in sales.
LazyPay EMI plans to directly onboard over 1,000 merchants across segments such as Edtech, insurance, EVs, home furnishing, and Healthtech by March 2022. The credit solution will empower over 60 million pre-approved users of LazyPay with the convenience of buying desired products or services, both online and offline, without any delay, and pay later in small EMIs.
LazyPay's entry into the BNPL affordability play will also allow new-to-credit and non-credit card customers to sign up while shopping, get approved instantly and avail the benefit of splitting up the payment as per their convenience.
