Industrybuying, ePayLater join hands to offer interest-free credit to its customers

India's leading B2B e-commerce company Industrybuying has announced its partnership with ePayLater for the launch of interest-free credit facility to its customers.

The move aims to further enhance the customer experience by providing credit alike offline, combined with zero documentation, one-click checkout and an extended credit-line for business procurement.

ePayLater leverages proprietary credit assessment techniques towards enabling credit access to a wide set of SMEs in a simplified manner.

Under this offering, a customer would be allowed a 14 day interest-free period on the product they procure from the Industrybuying platform. To avail this facility, a customer needs to login, add items to their cart, and pay using "ePayLater" at the time of checkout.

"Our latest development is in continuation with our ongoing innovations towards making B2B e-commerce more convenient and sustainable in the long run. The integration of new payment solutions will further enhance our customer experience by facilitating a one-click checkout and providing our customers with an aggregated payment option for making multiple purchases using a single transaction," said Co-founder and CEO Industrybuying, Swati Gupta.

"We endeavor to transform the credit assessment process for SMEs and thereby make the credit based procurement process as seamless as possible. We believe this can unlock the true potential of small businesses and serve as a catalyst towards powering an unprecedented bout of growth for the sector, and thereby the country as a whole," said Co-Founder ePayLater, Uday Somayajula.

At present, Industrybuying offers this credit facility only to its existing customers. With this partnership, it plans to further extend this facility to new customers as well.

The partnership with ePayLater is not a first for the B2B e-commerce platform. Industrybuying has always proactively adopted innovative and business-friendly payment mechanisms to enhance customer experience and reduce transaction time.

Earlier this year, the company partnered with Capital Float to offer a unique credit solution called 'Pay Later' through which an SME could avail credit up to 25 lakhs in a month. Furthermore, the company also integrated EMI features, in partnership with Innoviti, for its customers looking to transact online at flexible interest rates.