Kissht announced "Kissht 2.0" that aims at driving credit penetration and financial inclusion by providing financial solutions that are simple, transparent and accessible to all.
Kissht introduced India's first "Scan & Pay later credit wallet" early 2018 and was termed as the "Fastest, Most Reliable, Secured and Convenient" next-generation credit assessment model. It's new & updated version – Scan & Pay Later Version 2 will not only make credit available to all but will also add amazing features like insurance, extended warranty, instant credit limit check, credit holidays and many more add-ons for the benefit of the customer and the merchant partners in the pre-& post loan approval stage.
Some of the key features explained in detail in Kissht 2.O are:
Pre- Loan Approval Stage –
Post Loan Approval Stage –
Ease of EMI Payments – For Kissht, customer convenience is key. Keeping that in mind, Kissht has made various ways of EMI payments available to the customers. Customers can now pay not only via auto deduct, Kissht App, NEFT/IMPS but also through Paytm under the Loans Section. Also launched are EMIs in cash as a feature, where customer can geo locate a nearby retailer and go deposit EMIs directly. In case of non-availability of retailer in that specific PIN code, customer can raise a request to collect EMIs from his/her home.
Instant Loan for existing customers – The Instant Loan feature has been revamped to cater to the needs of the customer enabling faster loan approval, attractive offerings, easy user interface and sophisticated backend integration for a hassle-free process.
Credit Holiday – This is a novel concept launched for Kissht's loyal customers. This offer enables the customer to have a grace period wherein he/she can skip paying EMI for the month they are facing financial crisis and pay it in the next month or extend the tenure. This helps the customer be flexible in their payments and gives them a breather during a financial crunch.
Pre-Paid EMI card – One more product for the loyal customers of Kissht is the "Pre-Paid EMI card" powered by MasterCard. The card comes with a pre-approved limit and can be used in any offline as well as online stores. It can also be used to withdraw cash from the ATM's in the face of an emergency.
In the words of Krishnan Vishwanathan, CEO & Co Founder of Kissht, "We believe that Kissht 2.O with its innovative products & features will be a game changer in the credit landscape. Eleven months ago when we had launched Scan & Pay, is now just a sub set of what we are launching today as a whole package garnering more than 30% of our business. Our innovative products have led us to become trendsetters with traditional & established players emulating our products and offerings. This has motivated us to push the boundaries of innovation in the credit lending space and project all our research and learnings in creating – Kissht 2.O"
In the past, Kissht has launched various innovative product like Instant Cash, Digital EMI Card, Scan & Pay Later, co-created lending products like "Cardless Credit" & "Buy Now Pay Later Solution (15 days' credit)" with Flipkart,Uber& Dell under the Aarambh scheme. Going forward, Kissht aims at launching more co-created lending products focusing on Health Care & Education industry.InKissht 2.0, the aim is to focus on providing products that will involve all parties in the credit-ecosystem (OEMs, Merchants, Customers, Insurance companies, etc.)