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LazyPay expands pay later service into quick commerce sector
April 13, 2022
LazyPay, a buy now pay-later solution offered by PayU Finance, on Tuesday announced the extension of its facility into the quickly growing q-commerce market through its organization with 10-minute grocery delivery platform Zepto, a Y-combinator-backed firm.
The partnership will offer consumers the convenience of paying later for high-frequency purchases. LazyPay will give seamless checkout experience to Zepto customers for time efficient times, adding further speed and ease to their instant on-demand delivery experience.
The organization said, “With this partnership, LazyPay forays deeper into the hyperlocal/quick commerce segment, further strengthening its merchant base of north of 38,000. Combined with LazyPay’s quick adoption of Buy Now Pay Later (BNPL) solution, the partnership will redefine the grocery shopping experience for Zepto customers.”
As one of the quickest growing quick commerce solution providers, Zepto is adding 100,000 new consumers every week. The collaboration has potential to further accelerate customers’ adoption of Zepto through LazyPay’s solid client base. Notwithstanding the quick checkout experience, Zepto will likewise profit from LazyPay’s close to 100 percent success rate, lowering cart abandonment instances. The BNPL payment options will be available to Zepto clients across Delhi, Ghaziabad, Gurgaon, Noida, Mumbai, Pune, Kolkata, Bangalore, Chennai and Hyderabad.
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