#FinancialBytes: Best 'buy now, pay later' services available in India
In India, "buy now, pay later" payment options are increasingly becoming popular among customers nowadays. Several companies now offer "pay-later" services that allow customers to purchase a product/service instantly and pay at a later date. The "pay-later" option is today available for almost everything, including online shopping, bill payment, travel, movie tickets, food ordering, etc. Here are some best "pay-later" services in India.
PayU's LazyPay is one of the best 'pay-later' service providers
LazyPay "pay-later" service offers a credit limit of upto Rs. 1,00,000 for instant personal loans, "pay-later" services for bill payments and online shopping, and EMI plans. It is available for websites like Croma, Swiggy, BookMyShow, OYO Rooms, Ixigo, Zomato, etc. Users can choose LazyPay payment option on a website to avail the service. LazyPay sends repayment reminders on 16th and 1st of every month.
With Simpl, skip paying multiple times; pay one bill instead
Simpl is an innovative pay-later service that simplifies online shopping and bill payments by enabling one-click purchases. User's purchases are collected/added into one convenient bill which can be paid in one go; bills are generated every two weeks. Online platforms that accept Simpl include BookMyShow, BigBasket, Zomato, Nykaa, Grofers, Faasos, 1mg, Purplle, etc. Users can choose Simpl as their payment option to get started.
ZestMoney, another popular 'pay-later' payment service provider in India
ZestMoney is another popular "pay-later" service provider. Users can apply for a voucher/loan to shop on partner sites and provide details like product name, voucher/loan amount, contact details. ZestMoney will provide users with a voucher code for shopping. The loan amount can be repaid in EMIs. ZestMoney option is available across 100+ e-commerce platforms, including Amazon, Flipkart, Myntra, Cleartrip, MakeMyTrip, and PepperFry among others.
With ePayLater, shop on credit and pay within 14 days
ePayLater is also a popular "pay-later" payment option that lets users make multiple purchases and pay for all of them at once later. Users get a 14-day interest-free period for bill settlement from the date of purchase. ePayLater can be used as a payment option on online platforms like IRCTC, Croma, PVR Cinemas, Travelyaari, Box8, TicketNew, Mojo Pizza, and Aha Taxis among others.
