Flipkart, India’s homegrown e-commerce marketplace, is now making its industry-first affordability offerings, the Smart Upgrade Plan and Product Exchange program, available for products across mobiles, large and small home appliances and electronic products.
Under The Flipkart Smart customers can purchase a new appliance and have to pay only 70-75% of the price of the chosen product and select a payment tenure during the initial purchase. They can keep the product by paying the remaining amount at the end of the tenure or upgrade to another product by exchanging for a better spec product in an affordable and smart way. The available tenures and upfront amount to be paid under Flipkart Smart Upgrade Plan will vary from product to product. Commenting on this, Ranjith Boyanapalli, Head – Fintech and Payments Group at Flipkart, said, “While we pioneered the Smart Upgrade and Product Exchange last year and received an encouraging response, we are expanding the offerings this year to make it more widely accessible to our customer base, including those who are new-to-credit.”
