Home Credit India has partnered with the country’s largest mobile payments and commerce platform Paytm to enable customers to pay their EMIs in an easy, simple and convenient manner. The tie-up with Paytm is in line with Home Credit India’s plans of promoting seamless digital payments solutions and cashless transactions and be a partner in government’s Digital India programme.Under the partnership, its customers can now repay loan installments safely and securely by either clicking on the Pay EMI link of Home Credit India website or logging on to the Paytm platform. To facilitate a payment via Paytm’s gateway while on the its website, the customer is required to enter personal details along with the amount to be paid and the loan contract ID. Payments are accepted through debit card, Paytm Wallet and net banking. “The payments landscape in India is changing rapidly with the emergence of innovative and latest cashless payment solutions.Spurred by developments in information and communication technology, India is on the cusp of a digital payments revolution. The tie-up with Paytm is a step forward in that direction,” said chief operations officer, Home Credit India Finance, Milan Urbasek. As of July end, nearly 200,000 loan repayment transactions have happened through the Paytm app and gateway.Targeted at customers who require a small loan to fulfill an urgent need or buy a product that has been on their shopping list, the Mini Cash Loan enables eligible applicants to borrow any amount ranging from Rs 1,000 to Rs 10,000. In May, Home Credit India had launched a Mobile App that provides customers access on the go to his/her loan details, repayment schedule and information on the due loan amount.Home Credit India offers in-store financing (direct non-cash loans in retail outlets) to customers, especially first-time borrowers, planning to buy consumer durable goods such as mobile phones, home appliances, laptop/tablets, electronic goods. It is Home Credit India’s endeavor to provide top-of-the-class products, unique service experience, and value for money to its customers.
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