Zestmoney Works With Paytm To Provide EMI On Payments

The EMI-financing platform Zestmoney has tied up with payments app Paytm to provide recurring loan payments. To avail the service, a customer needs to provide one-time approval at the time of subscribing, post which it will be deducted from the wallet every month.

The company’s website provides a simple procedure to pay with Zestmoney EMI directly on Paytm. During the time of placing an order on Paytm, the customer needs to choose Zestmoney EMI and the plan. Paytm will ship products under the approved EMI plan. Lizzie Chapman, Co-Founder and CEO, Zestmoney thinks the company’s integration with Paytm brings ease of repayment and helps to maintain a better credit score with scheduled payment.

Zestmoney, with six million-plus users, has reported that last year, the company has observed over 125 per cent growth in the EMI financing. According to the company, the digital EMIs contribute a huge portion of the current economy that witness a 2,000 per cent increase in new-to-credit customers from tier-2 and tier-4 cities. The company believes Zestmoney has introduced financial freedom to millions of users in the country.