Have you tried ZIP Pay Later by MobiKwik yet?

ZIP Pay Later

The need for some extra money in hand for a last-minute purchase while shopping or when making emergency air bookings or any such real-life scenarios is not unheard of. We all have faced such situations in our daily lives, some or the other time, when money in hand was crucial to carry out a task - it could be cash in hand or digital money.

Introducing MobiKwik ZIP

Most people living in metros, Tier 1 and Tier 2 cities in India need no introduction to MobiKwik. We all know that it is a payment app that facilitates payments online using the digital wallet. One of India's indigenous fintech brands, MobiKwik, has a network of 120+ million users. Known in the industry for its pioneering & revolutionizing products, strategies, and action plans; the company was fast to realize that they could not limit their services to just being India's leading digital wallet service provider. They needed to do much more to become a fintech company with a force to reckon with in India.

Keeping this in mind, the company launched its small credit product along the lines of 'Buy Now Pay Later' called ZIP. Akin to the physical credit card that we stack in our physical wallets, MobiKwik ZIP makes up for the shortage of funds that one needs impromptu, anywhere, anytime. But that is probably the only similarity between the two. The differences are many, and one of the key differences is that ZIP is a virtual credit line. The processing time or the turnaround time is a major benefit of MobiKwik ZIP.

Why should you try MobiKwik ZIP?
If you are an existing MobiKwik user, you'd be aware of all the unique features of ZIP. If you are not, you might consider using the product, especially if you tend to run short of money and look for funds at the last hour.

• Here are some of the special features of ZIP that the users love!
  Credit at your fingertips - You can get a credit up to Rs 30,000. You have access to this amount always with you, wherever you go, anytime, if you have the MobiKwik app. At zero cost, you can avail of the credit once you have the ZIP feature activated. The approved money is transferred to your MobiKwik wallet instantly with a negligible waiting period. You can check your ZIP balance in your MobiKwik wallet itself.
• A network of 1 Lakh+ brand- You can shop at more than one lakh brands with ZIP. That includes grocery, clothes, food, pharmacy and other online orders on brands like Zomato, MakeMyTrip, Flipkart, Pharmeasy, and more.
  Easy repayment- The invoice for ZIP is generated twice a month - once, on the 1st and the second, on the 16th. For the amount spent between the 16th of the previous month to the 30th or the 31st of the month, the bill is generated and sent on the 1st of the next month. And, for all expenses done between the 1st of the month to the 15th of the same month, the bill is generated on the 16th. In both cases, the bill needs to be settled within five days of getting the invoice.
• Zero charges- It is a credit facility that you get to enjoy at zero charges. If the bill is settled on time, there is no extra cost which essentially means that as a user you get 15 days of credit free period.
• A convenient, seamless experience- MobiKwik ZIP is very convenient. From activation to usage of, it doesn't involve more than 5 steps and doesn't take more than 5-6 mins.
• Improvement in credit score- You can build your credit score with ZIP. When you repay your bills on time, it automatically improves your credit rankings. The better the score, the higher the chances of getting loans from banks, credit card companies, and even MobiKwik. Having high creditworthiness means that you can apply for all types of loans - personal, car, or home loans with ease and get good interest rates.

So, have you tried MobiKwik ZIP yet? If yes, then you must already be enjoying the multiple benefits of this innovative feature. If not, then what are you waiting for? We have offered a brief insight into the benefits of being a MobiKwik ZIP member. With credit right at your fingertips, you can save yourself from many last-minute stresses and heartaches. Just download the MobiKwik app and start your ZIP journey!