Capital Float, one of India’s leading Buy Now Pay Later platforms, has partnered with FinTech organization, Razorpay, to expand its BNPL (Buy Now Pay Later) solution Walnut 369 to all Razorpay-enabled online merchants. Clients can sign-up while shopping, get approved instantly, and pay for buys more than 3, 6, or 9 months. A single-click credit option brings convenience and affordability to clients and increases the order value of merchants.
The partnership gives clients seamless and instant access to credit while shopping at direct-to-customer brands. The instant credit, zero documentation choice is aimed to help online customers and new-to-credit clients, who are increasingly adopting tech-first solutions. Through this organization with Razorpay, Capital Float plans to grow to more than 100,000 partners and serve customers across 100 cities pan India.
The organization has witnessed its BNPL option increase order values on partner platforms by up to 30% and repeat transactions by 40%. Transformations using BNPL are higher when compared with other payment techniques and lead to decreased COD transactions. Razorpay is the latest brand to join Capital Float’s prominent partner portfolio, including industry pioneers like Amazon, Makemytrip, Spicejet, BoAT, Flo Mattresses, GoMechanic, etc Unacademy, and Skullcandy.