new Delhi. Lending platform CreditVidya in association with Flipkart Wholesale has launched Buy Now, Pay Later scheme. About 1.5 lakh shopkeepers associated with Flipkart Wholesale can take advantage of this scheme. This scheme will prove to be very beneficial for small entrepreneurs associated with Flipkart Wholesale. With the help of this, they will be able to increase their inventory by buying more goods even after having less money.
Ashish Agarwal, Co-Founder and CEO, Creditvidya said, “We have launched a B2B BNPL solution in association with Flipkart Wholesale. CreditVidya will help MSMEs to get capital from various financial institutions under this scheme. He said that the objective of this scheme launched for small and medium entrepreneurs of India is to enhance their credibility and empower them by reducing their cost and operating expenses. With this scheme, they will be able to get goods easily and at the same time it will be easy for them to raise capital.
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easily available capital
Ashish Aggarwal said that with this partnership of CreditVidya and Flipkart, Micro, Small and Medium Enterprises will be able to get credit easily and will create an ecosystem that will grow rapidly and prosper. The team of CreditVidya and Flipkart Wholesale has created a simple and multi-language application that will make it easy to do business related tasks. The whole process will also take less time.
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business will grow
Business onboarding will take less than a minute and loans of as little as Rs 500 will be available digitally instantly. Adarsh Menon, Senior Vice President and Head, Flipkart Wholesale, said that the Buy Now, Pay Later scheme will significantly impact the traditional payments market and will act as an alternative to lending. He said that small entrepreneurs associated with Flipkart Wholesale are liking this scheme a lot because it is a very easy payment system. This will help them to increase their inventory by buying more goods even if they have less cash.
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