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Sezzle eyes expansion plans in India

Friday 7 August 2020 09:05 CET | News

Sezzle, a US-based company that offers buy now, pay later service, has announced plans to foray into India by the end of this year, reports Electronic Payments International.

According to a Reuters report, the company launched a pilot last month to test its services. It is also in process to integrate with Unified Payments Interface (UPI), a system that enables real-time transfers between participating banks.

The move comes at a time when Covid-19 pandemic led to an increase in digital payments.

Sezzle offers interest-free loans to the customers for their purchases at online stores and select in-store locations. The loan approval is instant and individual credit scores are not affected unless the consumers opt for a credit building feature.

Currently, the service is available in the US and Canada.

 


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Keywords: Sezzle, expansion, India, Buy Now, pay later, payments, digital payments, loans
Categories: Banking & Fintech | Payments General
Countries: India
This article is part of category

Banking & Fintech