Pay-in-3 allows consumers to buy with ease and pay later in 3 easy instalments at no extra charge
Simpl, the market leader in 1-tap checkout, announced the Pay-in-3 option, the latest product addition to its pay later platform. ‘Pay-in-3’ is a unique offering from the Simpl product family, to benefit D2C brands and their loyal customers. It comes with a host of value-added features that enable spend management while combining transparency, speed, ease of use, and best of all, a smooth payment experience.
“At Simpl, our endeavour is to constantly improve the consumer experience. With Pay-in-3, consumers can conveniently split their current payments into 3 tranches, at no extra charges. We believe this option will help strengthen the trust factor between merchants and their end customers, enabled by intelligent machine learning decisioning at the backend,” said Nitya Sharma, Co-Founder & CEO, Simpl.
The distributed payments facility may be availed in an instant by loyal customers, as recommended by their respective D2C merchants. Immediate benefits to buyers include an interest-free credit period on their D2C purchases, with a well-balanced repayment option. D2C retailers that offer Pay-in-3 can benefit from better ties with their trusted customers and strengthen loyalty.
Enhancing transparency, convenience, and efficiency with Pay-in-3
Pay-in-3 has been developed on 3 key pillars: high payments transparency and superior speed of transactions, at scale. With product simplicity as a core tenet, there is no tedious paperwork; no lengthy forms that need to be filled; no need for any additional verification information and no hidden charge. And it’s a simple 3-step process:
● Users can discover Simpl Pay-in-3 on various merchant platforms
● Existing users can access Pay-in-3 on our merchant platforms
● Eligible users can repay their credit purchases with select D2C merchants in 3 equated instalments
Simpl Pay-in-3 option is available on several leading retailers including Healthkart, Beast Nutrition, Villain, Paaduks, Pawfectlymade, Urbancart, Crossbeats, Flatheads, Athletive, Auravedic, Superkicks, Tupperware, Bums on the Saddle, Bluetokai Coffee, Headphone Zone and Zlade.
About Simpl
Simpl, India’s fastest growing pay later platform, is on a mission to make payments invisible and money intelligent. Having secured more than $110 million from marquee investors such as Greenvisor Capital, IA Ventures, Valar Ventures, Recruit Strategic Partners, and FJ Labs, and garnered investor confidence from the likes of investor Franklin Templeton, Finuvo LLC and Catalina Finance, the company is on a mission to empower merchants to build trusted relationships with customers, one transaction at a time. With more than 15,000 available merchants, 25 million users pan – India, it envisions creating an inclusive digital payment experience for India that empowers and fosters trust between merchants and their customers.
Simpl provides a full-stack solution to e-commerce conversion. It enables merchants to give their customers 1-tap checkout, buyer protection, and a pay-later facility to allow them to feel safe and trusted when shopping online. With the company, merchants are able to provide consumers with an easy, safe and intuitive user experience that builds a trusted relationship between the two.
Simpl is at the forefront of the digital payments revolution in India. Through the innovative offerings at affordable costs, their aim is to catalyse and simplify the payments domain. With proven technology expertise, it is committed to the simplification and democratisation of digital transformation in the payments space in India.
This article was shared with Prittle Prattle News as a Press Release.
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