PhonePe ties up with major lenders

Chennai: PhonePe, a digital payments platform, has announced that it has seen over 150 per cent growth in loan EMI repayments category on its platform since March 2020 led by Bajaj Finance.

According to a press release, it currently has over 60 lenders integrated into its platform enabling its users to make easy and timely repayment of loans at the click of a button and at no extra charge.

The platform has already tied up with some of the nation’s biggest private non-banking lenders such as Bajaj Finance, Home Credit, Muthoot, DMI Finance, HeroFinCorp, Tata Capital among others.

Ankit Gaur, head of online business, in-app categories and Switch BD, PhonePe said, “We have kept the process user-friendly with just four steps to facilitate friction-free payments. We also don’t charge anything extra to our users for making the loan repayment using our platform.”

 

NT Bureau