Be ready to experience the zero Interest EMI on online purchase. Now the e-commerce site like Flipkart, Myntra and Amazon will be more reasonable for common people. Non-banking finance companies like Bajaj is prepared to introduce a payment gateway, by which people can simply purchase their things on EMI without paying any interest.
Bajaj Finance leading this initiative, Bajaj finance president (Consumer business) proclaim that,” they are in talk with all foremost e-commerce companies to start zero percent EMI Scheme and to make changes to their back end to provide facility to consumer, so that they can purchase things on EMI.
The initiative has been taken due to the fact that India is one of the largest e-market in the world and it will be going to be very comprehensive by 2020. Bajaj is already a leading financing company in Indian retail market and it is ready to inhabit a massive market.