BNPL

The Buy Now Pay Later solution is a closed-loop digital Supply Chain Financing solution leveraging cutting edge technology to offer working capital finance to Dealers / Distributors / Stockists / Retailers of any brands or products. It helps brands & enterprises get instant payment against products sold, while their business buyers get immediate financing, based on their credit profile, to purchase products on credit with a flexible repayment window.

The BNPL program limit is broadly two types. One, the buyer limit where it is based on per buyer sanction limit, and two, the maximum limit provided, which can be distributed across multiple buyers.

The sanction limits are allocated based on multiple factors including the ticket size, risk, etc.

A minimum of 650 CIBIL score is required as an eligibility criteria. It can also depend on a case-by-case basis.

A sanction limit is mostly decided based on the amount of sales/purchases the buyer has done with the anchor minus the current repayment liabilities that exist. Besides, there are multiple factors that can decide the amount of risk.

Besides credit cards, Buyers have the flexibility to repay the amount loaned via UPI, Virtual Account, and Payment Links which all are unique to each buyer.