Okinawa Partners with ZestMoney to Provide EMI solutions to Customers
31st, October 2020 - News
Okinawa- Indian electric two-wheeler brand with focus on 'Make in India' has partnered with ZestMoney, India's leading AI-driven EMI financing and "Buy Now, Pay Later" ("Pay later") platform to provide customers the convenience of EMI financing on its entire range of two-wheelers products.
This partnership will now allow even the customers with no previous CIBIL score to access the financing option to buy Okinawa products.
Customers can avail a credit limit from ZestMoney by completing digital KYC and choose a repayment plan of their convenience at the time of purchase. The process is paperless and can be followed online with no physical intervention.
This facility is available across all 350+ Okinawa dealerships pan India. In addition, the customers can also avail the service while booking the product online through Okinawa website.
The partnership is expected to drive affordability and enable the buyers close in on their decision to own an electric scooter.
"Due to the pandemic, a lot of people hesitate to choose shared mobility. Social distancing has now become a lifestyle and people are opting for personal vehicles. Within a month after lockdown got lifted, we experienced a sharp hike in the demand for electric two- wheelers. This explains that people are not only buying their own vehicles, but are also getting inclined towards electric vehicles over ICE. In the current times when people are struggling to manage their finances, we have associated with ZestMoney to enable our customers to opt for their vehicle without any hassle for finance," said Mr. Jeetender Sharma- MD and Co-founder, Okinawa.
Commenting on the partnership, Lizzie Chapman, CEO & Co-founder of ZestMoney said, "We are excited to partner with Okinawa at a time when demand for electric scooters is at an all-time high. COVID has changed how people want to commute as social distancing measures are here to stay. Our Pay later service helps make their dream of owning a personal vehicle a reality. This service is more crucial in these times as people choose to plan their finances. Affordability is already playing an important role in driving consumer demand for the category and will pick up significantly in the months to come."
During COVID-19 outbreak, Okinawa has been taking multiple measures to offer safe procedures to its customers. Recently, Okinawa launched online booking for customers to enable them to book the products without having to step out of their homes. The association with ZestMoney comes as another effort towards the same direction.
Founded in 2015 by Mr. Jeetender Sharma-MD and Mrs. Rupali Sharma-Chairperson. Okinawa is one of the fastest-growing and most disruptive Indian automobile companies today. Okinawa –also the first company to get FAME-II approval is a 100% Indian electric two-wheeler manufacturing company with a focus on 'Make in India'. By producing high-speed and slow speed e-scooters, the company is contributing to the growth of e-vehicles in India. By steadily creating viable alternatives to petrol and diesel vehicles, the company is delivering on its brand aim to #PowertheChange. The company is headquartered in Gurugram and the manufacturing facility is in Bhiwadi, Rajasthan.
About Zest Money
Founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman in 2015, ZestMoney is the largest and fastest-growing AI-driven EMI financing and Paylater platform in India. The fintech company is built as a platform that can meaningfully improve the lives of more than 300 million households in the country, who currently have no access to credit cards or any other formal financing options because of insufficient credit history. ZestMoney's unique platform uses mobile technology, digital banking and Artificial Intelligence to make life more affordable to millions of Indian consumers.
ZestMoney's technology and continuing work to make affordable digital finance accessible to the masses led to their selection as a 2020 Technology Pioneer by the World Economic Forum.
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