Kissht,a fintech startup providing an EMI payment and digital lending platform has launched ‘Scan and Pay Later’ credit wallet.

Customers can now shop on credit using the exclusive “Kissht QR Code” which will be usable in select offline stores and modern retail chains across the country. This launch has widened the markets for OEMs (original equipment manufacturers) and modern retail chains.

With a loan closure that can be achieved in under 60 seconds, customers can select, scan and walk out with the desired product with just one OTP authentication from their Kissht credit wallet. Scan & Pay Later credit wallet will be available in 32 cities across India, at 3000 partnered merchant stores. The product is being launched with all existing merchant partners and brands such as Dell, Prestige, Intex, Caratlane and others. The product was in its pilot phase for a duration of three months during which there was a visible increase of 30-35% in footfalls in tier I and tier II cities.

In Nov 2017, Kissht raised $10 Mn funding in a round led by Chinese investment conglomerate, Fosun International. Kissht also secured $2 Mn earlier in 2017 from Hyderabad-based early-stage venture capital firm Endiya Partners and Ventureast.