Bengaluru January 28, 2020: PhonePe, India's leading digital payments platform, and Flipkart, India's homegrown e-commerce marketplace, today announced the launch of Flipkart's Pay Later facility on the PhonePe platform.

Key Features of Flipkart Pay Later on PhonePe

Payments through the Flipkart Pay Later solution can be completed in a single click, making it a fast and convenient payment option for PhonePe users.

Credit Purchase: Users can now choose the Flipkart Pay Later credit option on the app.

Single Monthly Payment: Dues must be cleared through one single payment by the 10th of the next month, at no extra cost.

Small Ticket Items: The solution allows consumers to shop for small ticket items up to INR 5,000 through a single click payment on the platform, without waiting to generate an OTP.

Eligibility: Pre-approved Flipkart users can register for this option on the Flipkart app/site and then activate the Flipkart Pay Later option inside the 'My Money' section on PhonePe.

Availability: Flipkart Pay Later is currently enabled on Myntra and PhonePe.

Flipkart Pay Later was launched by Flipkart in 2017 as a customer-focussed credit instrument. With this launch, PhonePe aims to provide users access to a convenient way to pay on the app and at millions of merchants operating on the PhonePe network.

Smrithi Ravichandran, Business Head, Fintech & Payments Group, Flipkart, stated that the wide acceptance of the in-house innovation 'Flipkart Pay Later' has encouraged the move to share synergies between the group companies and bring the solution to PhonePe.

About PhonePe

PhonePe, headquartered in Bengaluru, is the fastest growing digital payment platform in India with over 175+ million registered users. It is accepted across 8.7 million merchant outlets nationally. PhonePe also launched its Switch platform in 2018, allowing customers to place orders on 90 apps including Ola, Myntra, IRCTC, and Oyo directly from within the PhonePe mobile app.

About the Flipkart Group

The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Jabong, and PhonePe.

Started in 2007, Flipkart has a registered customer base of over 200 million, offering over 150 million products across 80+ categories.

Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns.

The Group is steering the transformation of commerce in India through technology.

For more details contact media@flipkart.com.