North India Statesman
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News India Live, Digital Desk: Often it happens with all of us that we like a nice mobile or expensive gadget on some online site. We look at it, heart is tempted, but then after looking at our pocket or bank balance, we silently remove it from “Add to Cart”. We think, “Let’s see when the next salary comes.”
But now Amazon and Flipkart have decided that they will not let their sales reduce because of your “money problem”. Yes, these e-commerce companies no longer want to be just shopkeepers, rather they are preparing to become a kind of ‘bank’ for you.
The news is that both these big companies are now going to strengthen their hold in the “credit” i.e. borrowing and loan market.
After all, what is this new plan?
Simply put, Amazon and Flipkart now let you “Buy Now, Pay Later” Will lay more emphasis on such facilities and easy installments (EMI).
Till now this was done through bank credit cards, but now these companies are preparing themselves like a finance company (Fintech). It is heard that this is for giving direct loans. NBFC (Non-Banking Financial Company) Are planning to work as a partnership or deepen their existing partnership.
Why are these companies doing this? (The Real Reason)
Perhaps you might be thinking that their job is to sell goods, why are they falling into the trap of borrowing?
The fact is that online shopping is no longer growing as rapidly as before. Whoever had a smartphone, he bought it. Now the new customer is one who does not have a huge amount to pay at one go.
Therefore, these companies want that Whether the customer has money or not, he should not stop shopping. If they give you loan or EMI easily, then you will shop without any hesitation. Their profits will also increase and your needs will also be fulfilled.
Not only customers but shopkeepers will also benefit
This news is not just for customers like us. There is also good news for small sellers who sell their goods on these websites.
Often small businessmen face shortage of money to expand their business. It is difficult to visit the bank. Now Amazon and Flipkart can easily help their sellers also. business loan Will give, so that they can stock more goods and expand their business.
So should we go shopping without any worries now?
This facility is really great. If you have to buy any essential item and are running short of money, then their ‘Pay Later’ or easy EMI option will be very useful. Neither much hassle of papers nor queues at the bank.
But yes, it is definitely a friendly advice. Getting credit has become easier, it does not mean that we should increase unnecessary expenses. Enjoy convenience, but with wisdom!
In the coming days, we may see a lot of new buttons and offers of “Loan and Finance” on these apps. Get ready for smart shopping!
