Flipkart asking for KYC to use there pay later ...

Flipkart asking for KYC to use there pay later service.

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Deal Subedar
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Hey guys, flipkart is now asking for kyc to use there pay later services.

https://cdn0.desidime.com/attachments/photos/595306/original/Screenshot_20191117-002505.png?1573930654https://cdn0.desidime.com/attachments/photos/595307/original/Screenshot_20191117-002510.png?1573930673

6 Comments  |  
6 Dimers
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Deal Newbie
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If mobid**k can ask to ye to Flipkart hai😀😀

Roger federer photos 9 150x150
Deal Subedar
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good thing

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Shopping Friend
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This is reasonable, if they are giving some kind of credit they need to know the person, this system has already been exploited alot

Slide2
Deal Cadet
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If you want money on credit, they have a right to know who you are. 
Having said that, there is every possibility that they may enroll you in a lot of their services that require kyc or open accounts in your name all without your consent and some day it comes to you as a rude shock.
Companies like Airtel, Paytm and all others in India have no ethics and don’t feel you have a right to know what they are doing with your data or money

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Deal Cadet
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now FK paylater is funded by IDFC FIRST BANK
in paylater case FK gets money from Bank as soon as sale is done
so that FK has no role in credit
this is like a credit card without offer
with upto 40 days days credit period
the bank get Merchant discount rate (MDR) there commision for every successful sale

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