FinTech: Indian Fintech SaveIN Brings “Pay Later” To Healthcare
“Buy Now Pay Later” makes its debut in Indian healthcare.
Indian fintech SaveIN has launched a “care now pay later” offering in healthcare across the dental, veterinary, optical, dermatology, diagnostics, and physical therapy practices. The service is available offline at over 100 healthcare centers and covers over 300 products and treatments. Users can unlock a credit limit in 60 seconds when at a SaveIN partner physical outlet, and pay for the services availed over time. (Bharat Times)
While buy-now-pay-later (BNPL) is prevalent in financing online purchases, the SaveIN care-now-pay-later (CNPL) product fills in a gap in medical care costs that can be unexpected and large. It ensures timely care through enhanced affordability:
- 100% digital transaction process and instant approval in 60 seconds
- 0% cost for the first 15 days
- Low interest rates with flexible EMIs thereafter
- Transparent terms – No fine print
- Hassle-free delivery of treatments and products
Jitin Bhasin, Founder & CEO, Savin said, “In the demographic profile, Indians are becoming increasingly sensitive to their physical and mental well-being. We at SaveIN are committed to providing Indians with on-demand credit and flexible payment options, thereby facilitating timely and quality healthcare for all, no matter the circumstance.”
“With a trusted, verified and rapidly growing partner network, SaveIN will provide 100% digital, flexible deferred repayment options at care centers across the country. With CNPL, one can avail zero cost payment options while availing health care products and services from providers near them.”
A banker and fintech professional, Bhasin set up SaveIn in 2020 along with EY Hong Kong senior executive Anurag Varma and Gaurav Luthra, founder of Whatsup Life.
In May the company raised an undisclosed amount in pre-seed funding from a clutch of global and Indian angel investors and industry stalwarts.
Related Story: New, Innovative BNPL Solutions
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