Capital Float expands its BNPL boutique services with Walnut 369

Capital Float, in collaboration with Razorpay, recently launched Walnut 369, a real-time, one-click BNPL (Buy Now Pay Later) product that will provide access to over 1,00,000 partners, serving 100 plus cities across the country with zero documentation and instant credit facilities.

The partnership aimed at enhancing the online shopping experience with technology focussed solutions, provides customers with instant approvals, one-click credits, and deferment of purchases payment over 3,6 and 9 months, with an objective to add transaction value, convenience, and affordability for both merchants and customers. 

Per Gaurav Hinduja, Co-founder and MD, Capital Float, “Partnering with Razorpay is a significant opportunity for us to further the BNPL movement in India.  The pandemic-induced lockdown created a rapid shift in consumer shopping and payment habits, which has accelerated the need for BNPL. With Walnut 369’s industry-leading user experience and our expertise in personal credit, we are offering a transformative payments experience to Razorpay users. Building on Razorpay’s interface, merchants can leverage Walnut 369 to serve a large unaddressed population of new-to-credit and non-credit carded customers.”

Indeed, with the ongoing COVID-19 pandemic having completely transformed our income and spending patterns, liquidity situations, and strengthening our digital payment habits, the Indian fintech sector garnered investments worth 1,402.8 billion just in the first half of 2021. This is a marked rise from the cumulative 2.25 billion dollars the sector received in all of 2020. On an estimate, the industry is anticipated to touch almost 52,827 dollars in the next seven years to come.