Mswipe inks deal with OneCard to offer EMI at POS

Mswipe has announced its partnership with OneCard to offer no-cost Equated Monthly Instalments (EMI), across its 2.50 lakh strong retailer network.

“The partnership will enable users of OneCard to seamlessly access no or low-interest EMIs’ while availing mid and high-value purchases at retail outlets powered by Mswipe terminals,” the statement said.

“The collaboration is expected to bolster consumer sentiments in a big way as customers can now seamlessly convert their purchase transactions into easy, no-interest monthly installments,” it added.

Speaking on the partnership, Ketan Patel,  CEO of Mswipe said, “Pay Later offerings delight shoppers and are a major consideration during purchase. It also improves the checkout process significantly by reducing the time taken to complete the purchase. Our solution helps brand partners to increase sales and retailers to add more revenue. We are happy to extend our ecosystem to OneCard customers.”

With this partnership, Mswipe will power its partner brands to increase sales through attractive checkout offers to their customers, while also targeting the tech-savvy customers of OneCard. Mswipe is working with brand partners in designing value offers for customers. On the other hand, OneCard will offer its card users to seamlessly avail no interest or low-interest EMIs at checkout.

Commenting on the development, OneCard’s Co-founder & CMO, Vibhav Hathi said, “At OneCard, besides offering flexibility and visibility on spending, we offer our customer full control of every aspect involved in credit and payments. Our partnership with Mswipe will help us leverage their reach and technology expertise to provide our users a seamless & superior EMI experience. With this partnership, our customers will now be able to enjoy hassle-free shopping while availing easy and affordable EMIs at check-out.”