Everything you need to know about ZIP Pay Later by MobiKwik
Everything you need to know about ZIP Pay Later by MobiKwik
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A last-minute shopping hustle or an emergency - with a ready-to-use credit, you will never get to face any adversity!
MobiKwik, an app for all financial needs and payments already has a growing network of 120 million+ users. A leader in digital payment solutions, the company is known for its digital wallet and financial services in India. After identifying the opportunity to expand their services one step further, they have come up with a new product in the lending category. They launched their own "Buy Now, Pay Later," product and named it ZIP.

Why should you try MobiKwik ZIP?

If you are already familiar with MobiKwik, you are probably aware of ZIP's unique capabilities. If you are not, you should consider downloading the app, especially if you are prone to running out of money and scrambling to find funds at the last minute.

Here are some of the characteristics that MobiKwik users adore about ZIP, which makes it a must-try.

Credit facility at your fingertips- This as good as virtual credit card will serve as a reminder of the physical one you carry in your real-life wallet. At the outset, users might get credit worth Rs. 30,000. It's like you perpetually have access to this amount of money, wherever you go and whenever you need it. If you are a registered member of MobiKwik and have the ZIP feature activated, you will have the flexibility to access the credit service.

Merchants accepting MobiKwik ZIP are endless- There are currently over one lakh merchants who accept ZIP as a payment method. It also covers large retailers like Zomato, MakeMyTrip, Flipkart, Pharmeasy, and many others.

A convenient repayment option- MobiKwik facilitates a simple-to-follow repayment system that avoids having to pay for the money spent. A new invoice is created on the 1st and the 16th of each month for the previous 15 days of usage. Bills require settling in five days of getting the invoice in both cases.

No Interest- It is a zero-interest credit facility that you have access to. Customers get 5 days to clear their invoices with no interest charges.

A flawless, hassle-free experience- With the MobiKwik ZIP feature, users download the MobiKwik App to utilize the service. To take advantage of this feature, you are required to update the App. Once the process is complete, you will be prompted to activate ZIP. You can pay from the disbursed credit without having to spend any penny, by using MobiKwik ZIP. It also offers a 1-click checkout facility for easy and smooth payment options.

An opportunity to boost your credit score- One great benefit is that in addition to receiving credit almost instantly, it will help you increase your credit score. For example, informing creditors that you pay your payments on time helps raise your credit score by CIBIL. As the score improves, lenders have a greater probability of granting loans such as bank loans, credit card loans, and more. Therefore, it is important to have good creditworthiness to apply for various loans, including personal loans, auto loans, and home loans.

Summarizing

Is it your first time trying MobiKwik ZIP? If that is the case, you must already be enjoying the benefits that come along with ZIP! If you haven’t tried ZIP yet, what more hints do you need? ;) Just download the MobiKwik app and say goodbye to recurring cash crunch.


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