Okinawa Scooters has partnered with ZestMoney, a EMI financing and “Buy Now, Pay Later” (“Pay later”) platform to provide customers the convenience of EMI financing on its entire range of two-wheelers products.
This partnership will now allow even the customers with no previous CIBIL score to access the financing option to buy Okinawa products.
Customers can avail a credit limit from ZestMoney by completing digital KYC and choose a repayment plan of their convenience at the time of purchase. The process is paperless and can be followed online with no physical intervention.
This facility is available across all 350+ Okinawa dealerships pan India. In addition, the customers can also avail the service while booking the product online through Okinawa website.
The partnership is expected to drive affordability and enable the buyers to close in on their decision to own an electric scooter.
“Due to the pandemic, a lot of people hesitate to choose shared mobility. Social distancing has now become a lifestyle and people are opting for personal vehicles. Within a month after the lockdown got lifted, we experienced a sharp hike in the demand for electric two-wheelers. This explains that people are not only buying their own vehicles but are also getting inclined towards electric vehicles over ICE. In the current times when people are struggling to manage their finances, we have associated with ZestMoney to enable our customers to opt for their vehicle without any hassle for finance,” said Jeetender Sharma- MD and Co-founder, Okinawa.
Commenting on the partnership, Lizzie Chapman, CEO & Co-founder of ZestMoney said, “We are excited to partner with Okinawa at a time when demand for electric scooters is at an all-time high. COVID has changed how people want to commute as social distancing measures are here to stay. Our Pay later service helps make their dream of owning a personal vehicle a reality. This service is more crucial in these times as people choose to plan their finances. Affordability is already playing an important role in driving consumer demand for the category and will pick up significantly in the months to come.”