Loan repayment made easy with Amazon Pay and Bharat Billpay

New Delhi (Uttam Hindu News): In an endeavor to continuously improve customer experience and security, Amazon Pay in association with Bharat Billpay is further enhancing its loan repayment category.
Loan repayment has joined the top category in terms of bill payments, among other options like electricity and municipal taxes. This category offers loan repayment facilities to customers who have taken loans from banks, microfinance institutions and NBFCs, and want a convenient payment option to pay their EMIs on time. Not only this, customers can also prepay their loan in addition to EMI payments.
The category includes over 200 lenders including Bajaj Finance Limited, Cholamandalam Investment & Finance Company Limited, HDB Financial Services Limited, Home Credit and IIFL Finance.
Anuradha Agarwal, Director, User Growth & CMO, Amazon Pay India, said, “It is our mission to simplify digital payments for our customers by providing them with a secure, convenient and rewarding payment experience. One of the biggest hurdles customers face while paying off their loans is the absence of a secure digital payment platform and lack of flexibility in payment options. Our association with Bharat Billpay to provide the Loan Repayment category not only effectively addresses this challenge, while also providing a seamless payment experience to customers. For this reason, it has become a fast growing category on Amazon. We will continue to provide such customer-friendly solutions and further strengthen the digital payments revolution in India.”
Nupur Chaturvedi, CEO, NPCI Bharat Billpay Limited (NBBL), said, “We are delighted to associate with Amazon Pay to offer an easy loan EMI repayment facility. This facility will benefit customers who avail loans from both traditional lenders and new-age financial institutions. With this collaboration, customers will enjoy a hassle-free and instant payment system to pay their EMIs securely.”