Ring offers Instant Credit up to Rs.30,000 at a ZERO interest rate that customers can purchase at any merchants and Ring partnered stores.
Don’t have money in your bank account? No worries! Customers can now make payments by scanning QR codes without getting money deducted from their bank account. Use Ring credit to scan & pay at any merchants and partnered store.
With Ring, you can shop/purchase on credit up to Rs 4000 without any documentation, Interest & Processing fee. Your credit limit will be increased on the timely repayment of your previous bills.
Also, Customers can use credit at any merchant store that accepts payments from UPI apps like BHIM, PhonePe, Paytm, Amazon Pay, etc. All you have to do is select the “Scan & Pay” option in the Ring App to scan the QR code available at the merchant store.
Ring is a made in India app, that is 100% digital, enabling customers to scan any QR code and pay on credit at any merchant store. The line of credit is provided by RBI registered NBFC and communicated to users during the onboarding of customers.
Here are a few examples of how you can use Ring Buy Now Pay Later Credit Limit simply by scanning the QR code available at merchant stores:
● Pay for tea, coffee, & other refreshments in shops
● Scan & pay to purchase vegetables & groceries
● Pay your bills at restaurants & cafes
● Scan & pay for your travel tickets or hotels
● Refill fuel for your car or bike
● And all other places which accept payments through QR codes.
Leave a Reply