On Wednesday, Walmart owned Flipkart said that it will offer credit options through seventeen banks. During the upcoming festive season, credit options through seventeen banks, NBFCs and fintech players will drive credit accessibility for customers.
Flipkart ties up with SBI and Paytm for offers ahead of Big Billion Days
Also, Flipkart revealed that it will launch a Gift Card Store that will cater to customer needs across sixty brands. These brands also include Joyalukkas, Croma, FabIndia, Kalyan Jewellers and KFC. Since Flipkart has partnered with SBI, debit and credit cardholders will get a 10% instant discount.
State Bank of India is the largest pure-play credit card issuer. And Flipkart has also partnered with SBI and with SBI card. This provides their Debut and Credit cardholders with an instant discount of 10%. Also, Bajaj Finserv EMI cardholders will get the availability of no-cost EMI across a wide range of products. The e-commerce firm ensures hassle-free and frictionless credit of the purchases with the newly launched OTP based authentication process.
The E-commerce firm has also partnered with Paytm offering more value to shoppers. Shoppers will be assured cashback on wallet and UPI transactions making checkouts faster during flash sales.
Further, the customers can avail pre-approved credit from seven leading banking and fintech players with Kotak Mahindra Bank and Federal Bank Debit card EMI payment option.
Ranjith Boyanapalli is the head at Fintech And Payments group at Flipkart. He said, “At Flipkart,customer-centricity is at the heart of all our endeavours, as we create increased shared value for all our stakeholders and partners in the ecosystem. By facilitating credit and insurance access, and simplifying payments for over 250 million customers across the country, we are reinforcing our commitment to helping fulfil their aspirations without the burden of financial constraints. “