BharatPe aims to facilitate $300 mn loan book for lending partners

Fintech firm BharatPe on Wednesday announced its foray into the ‘Buy Now Pay Later’ (BNPL) category with ‘postpe’ and said it aims to facilitate a loan book of USD 300 million (about Rs 2,245 crore) via postpe in the first 12 months for its lending partners.

Customers can download the ‘postpe’ app from Play Store and avail interest-free credit limit of up to Rs 10 lakh. The product can also be used for micro-purchases.

“postpe is designed for the new-age customers who believe in shopping smart and are also well-versed with digital payment modes…there is no annual fee or transaction charges on payments done via postpe app or postpe card,” a statement said.