Freo Pay

Freo Pay is an integrated financial application designed to streamline monetary tasks with a variety of services, including payment transactions, savings accounts, and borrowing options.

The application offers a unique 'Shop Now, Pay Later' function, allowing users to obtain instant credit up to ₹10,000 for both online and offline purchases. With a zero-interest promise and the option to repay at a later date, users enjoy convenience and financial flexibility.

Additionally, this platform simplifies monthly bill management, making it easier to handle payments for utilities such as gas, electricity, water, and mobile bills. Its infrastructure supports the use of QR codes, facilitating quick transactions throughout India.

Users seeking credit will find Yes Bank Credit Card (RuPay) options with 'Scan & Pay' features, enhancing its role as a comprehensive financial tool.

When it comes to borrowing, customers access a digital and paperless process. They can select a personal loan or a flexible line of credit, ranging from ₹3,000 to ₹5 lakhs, with competitive rates and customizable EMI plans. Interest is charged only on the amount used, promoting transparency and cost-effectiveness.

Saving with the platform also has its advantages. It partners with Equitas Small Finance Bank to provide savings accounts with up to 7% interest, dependent on the balance, ensuring savings grow steadily and securely. There are also fixed deposit options with attractive rates for long-term savings.

Overall, Freo Pay is a robust financial solution catering to a spectrum of fiscal needs, offering features and competitive rates to enable efficient and effective finance management.