back Back

Kotak Mahindra Bank and Worldline to enable EMIs on Kotak Debit Cards

By Leandra Monteiro

December 02, 2021

  • EMI
  • India
  • Instant Payments
Share

Kotak MahindraKotak Mahindra Bank (KMBL) announced a tie-up with Worldline, a European Leader in payment and transactional service, to enable EMI payments via Kotak Debit Cards in India. This will help over 5 million eligible Kotak debit card customers to pay for their purchases in easy instalments via the Worldline POS terminals.

Worldline manages network of over 1.5 million merchants across India, and Kotak Debit Card holders will be able to avail the EMI facility across sizable number of these merchants in India.

Ambuj Chandna, President– Consumer Assets, Kotak Mahindra Bank said, “At Kotak, we always put our customers first and work to provide them with the best buying options. Our partnership with Worldline enables Kotak customers to break their high-value purchases into affordable and flexible EMI options on a range of products at no extra cost. Worldline has a strong and dominant presence, especially in tier 2 and tier 3 cities of India, and this tie-up will further empower our customers with a wide network of new merchants for availing the EMI on Kotak Debit Cards facility.”

Vishal Maru, Senior Vice President, Merchant Services, Worldline India said, “We are delighted to partner with Kotak Mahindra Bank to enable acceptance of EMI on Debit cards on our terminals. Offering VAS such as EMIs is in-line with our efforts to create seamless and frictionless customer experience while giving an opportunity to card holders to convert their high value purchases into easier installments.”

The minimum purchase value to avail EMIs on Kotak Debit Cards facility is INR 5,000, and customers have the flexibility to repay the loan over tenures between 3 months & 12 months. To begin with, EMIs on Kotak Debit Cards is available on all consumer, retail, fashion and electronic goods. To avail this facility, all a Kotak customer has to do is ask the cashier for the Kotak Debit Card EMI facility, select the preferred EMI tenure and swipe their Kotak debit card to complete the purchase.

Previous Article

December 02, 2021

Anchor nabs $15m seed funding to simply eliminate billing

Read More
Next Article

December 02, 2021

Batelco unveils ‘BEYON Money’ the company’s new FinTech brand

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 09, 2024

FOURSOURCE taps Mangopay to enhance textile marketplace experience

Read More

October 09, 2024

JCB expands Google Pay acceptance in Japan for Android users

Read More

October 09, 2024

Streamlining Salaries: 5 flexible Payroll solutions for UK businesses

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More