ZestMoney, an AI-driven EMI financing and “Purchase Now Pay Later” (“Pay Later”) stage, is presently accessible to clients as a payment solution for purchasing Apple products across the country, the company said in an announcement. It further said that as a component of the partnership, clients can buy their favorite Apple items by availing the flexibility of ZestMoney’s Pay Later option.
“Customers can avail a credit limit from ZestMoney by completing digital KYC (online or in-store) and choose a repayment plan of their convenience at the time of purchase. The process to avail the service is completely paperless and digital, end-to-end, and can be done with no manual intervention required,” Zest Money said.
ZestMoney and Apple have planned different “Zero-cost” EMI plans that clients can avail for the recently launched iPhone 12 and other Apple products. The organization additionally said that “the best part is that, even individuals with restricted or no credit of loan history can avail this service from ZestMoney.” It has a presence in more than 5,000 stores, including restrictive Apple approved reseller stores across the country.
Commenting on the offer, Lizzie Chapman, CEO & Co-founder at ZestMoney said, “We are so excited that ZestMoney can power the dreams of Apple customers to afford their favorite Apple products. We are seeing a huge demand for iPhones, iPods, MacBooks, and smartwatches at this time.”
“The popularity of Buy Now, Pay Later is playing out strongly for this premium category as people plan their finances better to make the most of their income in these difficult and uncertain times. Excitingly, we are seeing significant demand coming from Tier II and III cities, where we expect to drive significant growth in Apple ownership. We expect the demand to double during the festive season,” she added.
While iPhones have been popular for some time and the demand for iPhone 11 continues to be on top, work from home has led to an expansion in demand for Macbooks and iPads as well. Apple as of late revealed a few new products like Apple Watch SE, Apple Watch Series 6, iPad Air, and the iPad 8th generation, among others. The new range is expected to further drive the demand in the category.
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