04 June 2019, India:
Fintech firm ePayLater has partnered with MakeMyTrip (MMT). As part of the partnership, ePayLater’s ‘Book Now, Pay Later’ service will be made available to customers purchasing flight, bus and train tickets on MakeMyTrip.
‘Book Now, Pay Later’ service will allow users to book travel without making a payment while availing the benefits of interest-free credit for a period of 14 days from the date of the ticket purchase.
Users will have to sign up with ePayLater once (if not done already) to use this new feature. After registeration on ePayLater, users will get a credit limit.
The users can easily make the repayment at a later date online.
Akshat Saxena, Co-Founder, ePayLater said, “We are happy to associate with MakeMyTrip, leading travel portal in India. Since its launch in 2016, ePayLater has enjoyed extremely strong adoption of the product across travel segments – flights, hotels, trains etc. By making the booking experience quick, smooth and convenient, we place power in the hands of the new-age travelers.”
Akshat Saxena, added, “This collaboration is a leap towards bringing on-board the next 500 million Indian travellers, as it combines simplicity of customer experience with the sophistication of data science and digital credit.”
Vipul Prakash, Chief Operating Officer, MakeMyTrip said, “We are always looking to provide value-added payment options for our customers who are looking for the best possible experience while booking their travel online. We are pleased to partner with ePayLater to provide short-term payday loans to customers to help book for their travel needs, without necessarily having to pay for it immediately.”
ePayLater was founded by by Akshat Saxena, Uday Somayajula and Aurko Bhattacharya in 2015. It offers ‘Buy Now, Pay Later’ payment solution. Through this service customers can instantly get access to a credit limit to make purchases.
The company provides a 14-day interest-free period from the date of purchase to settle the payment.
(Image – MakeMyTrip, ePayLater)