LazyPay joins cards bandwagon, targets 1 million customers this year

The BNPL platform said it is on track to grow three-fold in monthly disbursals to Rs 300 crore in January on a year on year basis.

Pay later platform LazyPay, an arm of Prosus-backed fintech major PayU, has launched a buy now pay later (BNPL) card that can be used at offline stores.

The company, which currently has 3.5 million active users, said that it is looking to have 1 million consumers for its card in the year.

“About 60-65 per cent of our BNPL customers do not have access to credit cards because of reasons like low penetration of banks and insufficient credit bureau scores. But this is not the only target audience for the product. We also have a database of 62 million pre-approved