Launch of EPayLater Network Cards Program for B2B Lending

 EPayLater Network Cards Program for B2B Lending
All your budding business needs is EPayLater!

Starting a business is a whole new adventure—a journey filled with a lot of turns, bumpy ups & downs. Imagine if you had something on which you could rely financially as you moved closer to your destination?

Your journey is about to get a lot smoother, thanks to something we've got - EPayLater PinePerks RuPay Card!

PineLabs and EPayLater have teamed up to create PinePerks RuPay cards, making it easier than ever to get credit for your business.

What is the product?
PinePerks RuPay Card(Reloadable) is an Open Loop Card accepted online and offline by merchants that accept RuPay. A vital feature of this product is that it allows its customers to control their spending with features such as enabling/disabling E-Com transactions, POS transactions, hotlisting cards, PIN setting and resetting as well as controlling transaction limits all through an application or website provided by the Distributor at their fingertips. The product is available in both digital and physical formats. Additional security measures are in place to protect sensitive data where OTP validation is required for viewing card details, setting PINs, and resetting them. As part of the issuance, KYC is done in multiple ways, including CKYC, Video KYC, and RE-to-RE KYC leverage.

Overview of the program:
With the assistance of Pine Labs, EPayLater will offer corporates and customers credit via PinePerks RuPay Cards (Reloadable). Users will be required to register themselves in the EPayLater APP, in which the company will perform KYC using the CKYC Number for the user and assign an eligible credit based on internal criteria. The Physical Card will be sent to the user within two working days following successful KYC and delivered to the address provided by the customer during registration. As an option, we offer bypassing OTP for viewing Card Details and setting PIN as a custom requirement.

Phase 2 will include creating digital cards and converting digital cards to physical cards without changing the card details.

QwikBit About the Brand
ePaylater is India's best "Buy Now, Pay Later" solution for payments that puts convenience at the forefront of its FinTech innovation. They aim at unwrapping the true power of convenience by providing easy online credit to corporates and end customers. ePayLater partners with NBFCs to offer credit to its customers.
ePayLater offers small businesses primarily in the FMCG sector a credit limit of up to 25 Lakhs to fund their business purchases and growth. The credit limit can be utilized at any partner merchant & Credit limits can be utilized 'n' number of times and can be repaid within 7/14 days @ 0% Interest.

This helps small businesses fund their operational purchases multiple times within the credit period. In addition, they also get amazing rewards and cash backs from time to time, and this is over and above the offers provided by partner merchants.

If you are a seller, ePayLater helps you get more customers and increase sales. It takes away the hassle of assessing credit risk and blocking your capital, and it also helps reduce collection costs as it is an entirely digital solution.