Fintech startup Uni launches India’s longest interest-free credit product: Pay 1/3rd card
Uni, a fintech company has been offering a variety of unique credit products to Indian customers. It has recently launched its paylater card Pay 1/3rd. It is India's longest period of interest-free credit. The card automatically divides transactions into thirds, enabling customers to pay their monthly bills in three instalments over three months with no extra charges. Uni's Pay 1/3rd plan helps without burdening customers with high-interest rates. It also gives consumers the option to 'pay in full' if they do not want to pay in instalments, and in exchange, they will get a 1% cashback incentive. Pay 1/3rd was launched in June 2021 and has already surpassed 10,000 subscribers in less than two months. It is likely to extend the period of three months also in coming days.
There is neither a joining fee nor annual charges for people opting it. On the Pay 1/3rd app, one can also track down their transaction activities in real-time. This credit card is accepted at both online and offline across the country. It can be used for ordering food, grocery items, also make e-commerce purchases or swipe the card at any offline outlet.