If you are short of money, do shopping with Mobikwik ZIP, pay the bill after 15 days

Mobikwik

Mobikwik

MobiKwik, one of the country’s largest digital wallets, is also offering the Buy Now pay letter. The company has named this service ‘Zip’ (ZIP).

  • News18No
  • Last Updated:February 28, 2021 at 4:25 PM IS

New Delhi. These days, many companies in the country are offering Buy Now Pay Later. In this episode, MobiKwik, one of the largest digital wallets in the country, is also offering the Buy Now pay letter. The company has named this service ‘Zip’ (ZIP). Under this service, the company gives a credit limit to its users. Users can spend within the credit limit and make the payment after 15 days.

Mobikwik wallet can also load money from ZIP
Mobikwik’s ZIP service is available to limited users only. How much credit limit you will get through ZIP depends on your transaction behavior. ZIP can be used within the Mobikwik app and at all merchants that accept Mobikwik as a payment option. The special thing is that ZIP can also be used to load money in Mobikwik wallet.

You can also use ZIP through the virtual card of American ExpressApart from this, online merchants who do not accept Mobikwik as a payment option, can also make payments through the virtual card of American Express. For this, first you have to load money into the wallet via ZIP. For example, Mobikwik is not a payment option on Amazon’s site or app, but you can also shop on Amazon through Mobikwik’s American Express virtual card.

ZIP Bill Payment
Through ZIP, the amount you spend from 1st to 15th of the month, its bill is generated on 16th, which has to be paid between 16th and 20th. Similarly, the amount you spend through ZIP from 15th to 30th or 31st of the month, its bill is generated on the first date of the next month, which has to be paid between 1st to 5th. It is worth noting that penalty is also required to be paid for not paying the outstanding dues. So try to pay the ZIP bill within due date.



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