eSewa Launches ‘Buy Now, Pay Later’ Service for Electric Scooter Purchases
eSewa has launched a Buy Now, Pay Later (BNPL) service that allows customers to purchase Paramita electric scooters through installment payments.
eSewa has launched a ‘Buy Now, Pay Later’ (BNPL) service that allows customers to purchase electric scooters through installment payments directly from the eSewa platform.
Under the new service, customers can purchase Paramita electric scooters using digital financing provided by Reliance Finance Limited. The service was introduced through a three-way partnership between eSewa, Reliance Finance and Paramita Investment Pvt. Ltd.
Reliance Finance will provide digital loans of up to Rs. 200,000 at an interest rate of 9.99%, with repayment available over a period of up to 36 months.
Customers can complete the financing process through the eSewa app, allowing them to purchase an electric scooter without paying the full amount upfront.
The agreement for the service was signed at eSewa’s head office on Ashoj 8 by eSewa’s then CEO Jagdish Khadka, Reliance Finance Deputy CEO Ram Hari Acharya and Paramita Investment representative Manan Tuladhar.
The service combines digital payments, financing and electric vehicle purchases, providing customers with an installment-based payment option for electric scooters.