Tag: ShopSe

ICICI Bank announced that it has introduced the instant ‘Cardless EMI’ facility to online purchases made on e-commerce platforms. Millions of the Bank’s pre-approved customers will benefit from the facility, which allows them to buy products or services online through Equated Monthly Instalments (EMIs) in only a few clicks using their mobile phone and PAN. The facility can be availed across a host of categories such as electronics, home appliances, laptops, mobile phones, travel, fashion apparels, sports wear, education and home decor.

The Bank has tied up with digital lending platforms namely FlexMoney and ShopSe to offer this facility across 2,500 brands including Bata, Bajaj Electricals, Career Launcher, D Décor, Decathlon, Duroflex, Flipkart, HealthifyMe, Henry Harvin Education, Kurl-on, Lenovo, Lido Learning, Myntra, Makemytrip, Morphy Richards, Nokia, ONLY, Panasonic, Pristyn Care, Raymonds, Simplilearn, Tata Cliq.

Sudipta Roy, Head- Unsecured Assets, ICICI Bank said, “Our customers can shop from over 2,500 e-commerce merchants and brands just by using mobile phone and PAN. The new offering improves affordability to millions of our customers as they can purchase high-value products on EMIs and in a secure, convenient, instant and digital manner.”

Yezdi Lashkari, Founder & CEO of FlexMoney Technologies said, “We are delighted to partner with ICICI Bank and enable their customers to shop with ‘Cardless EMI’ at their favourite e-commerce merchants and brands. We share ICICI Bank’s vision that the future of purchase finance will be a frictionless, integrated, and cardless digital credit checkout experience for the consume”

Pallav Jain, Co-founder & CEO, ShopSe added, “We are proud to get an opportunity to partner with ICICI Bank on their innovative and first-of-its-kind Cardless EMI product. It’s been a delight working with ICICI Bank team, which is equally passionate about the experience at the point of purchase.”