Crayon Motors, an electric vehicle manufacturer, has partnered up with EzeTap. Razorpay in order to offer digital payment solutions for its retailers. This allows them to accept all forms of payment from customers all over the country.
This collaboration offers financial benefits such as buy-now-pay Later (BNPL), brand EMI, and cardless EMIs. Customers can also get instant discounts at POS and cash back.
According to the company, this partnership will allow its retailers to sell more via BNPL as well as compete online. Customers will also have a wide range of financing options.
Crayon Motors’ Director, Rahul Jain stated that “we have provided many value-added benefits to our customers ever since the launch of our electric scooters. These include roadside assistance, battery swapping and now, with our latest step, we have also offered a financing solution for both our retailers and customers.” This is not just an association. It’s a step towards accelerating India’s EV race.
Byas Nambisan CEO of Ezetap By Razorpay stated, “The Indian electric vehicle market is the fastest growing and most promising in the country. We are excited to be working alongside Crayon Motors (a young e-mobility company). We are hopeful that Ezetap’s affordable solution will make it easier to pay and allow more people to have electric cars, which will contribute to a sustainable future.
According to a statement by the company, more than 10cr customers will be able to get easy loans through partnerships with Zest money and HDFC Flexipay. Cardless EMI will allow over 35 million customers to get loans without the need for a credit or debit card.
