August 25

PayU Finance’s LazyPay Partners With Dukaan to Offer Buy Now Pay Later Solution to Small Businesses in India

Credit and Finance for MSMEs: Digital lending company PayU Finance’s buy now pay later (BNPL) solution LazyPay has partnered with the digital storefront provider for small businesses Dukaan to offer BNPL service to small sellers and entrepreneurs and help them scale their operations. Introduced in 2017, LazyPay said its merchant ecosystem has grown multifold to 46,000 currently, of which nearly 60 per cent come from tier II and tier III markets.

Integrating the BNPL solution into the available payment modes will help such merchants improve their sales and encourage first-time customers to become repeat customers, the company said in a statement. In addition to quick and seamless checkout experiences, Dukaan will also benefit from LazyPay’s near 100 per cent transaction success rate, it added.

Photo courtesy of Brooke Patterson/USAID.

Source: Financial Express (link opens in a new window)

Finance, Technology
MSMEs, partnerships