Now shop on Flipkart, Snapdeal on zero interest EMIs
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India’s
The information was revealed in an ET report, which stated that
The financial daily further revealed that
"We are in talks with all the leading ecommerce sites to start 0% EMI schemes and currently finalising the mechanism since it would involve a change in technology in the back-end and the way the transaction will be completed," Devang Mody, Bajaj Finance's president for consumer business told ET.
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Manish Sharma, managing director at
He further added, "The EMI model works extremely well with the Indian consumer and eliminating the interest rate on online transactions will further increase the base of internet savvy consumers." (Image: www.followup.cl)
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