Home / Companies / News / LazyPay joins cards bandwagon, targets 1 million customers this year

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.

Premium

2 min read Last Updated : Jan 11 2022 | 10:44 PM IST

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

Topics : LazyPay PayU Digital Payments

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in