ZestMoney, AI-driven EMI financing and “Buy Now Pay Later” (“Pay Later”) platform, is now available as a payment solution for Apple product users across the country. As part of the strategic alliance, customers can buy Apple products by using ZestMoney’s Pay Later option.
As a part of this deal, customers will be able to avail a credit limit from ZestMoney by completing digital KYC (online or in-store) and select a repayment plan of their convenience while purchasing. The process for availing the service is paperless and digital, end-to-end, and can be done with no manual intervention required.
ZestMoney and Apple have developed several “Zero-cost” EMI schemes that customers can take benefit of in their newly launched iPhone 12 and other Apple products.
As a part of the service, people with limited or no credit history can avail this service from ZestMoney.
Lizzie Chapman, CEO & Co-founder at ZestMoney said, “We are so excited that ZestMoney can power the dreams of Apple customers to afford their favourite Apple products. We are seeing a huge demand for iPhones, iPads, MacBooks and smart watches at this time. The popularity of Buy Now, Pay Later is playing out strongly for this premium category as people plan their finances better to make the most of their income in these difficult and uncertain times. Excitingly, we are seeing significant demand coming from Tier II and III cities, where we expect to drive significant growth in Apple ownership. We expect the demand to double during the festive season.”