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Tag: Flipkart

Sep292020 by adminNo Comments
Flipkart, Bajaj Allianz launch cyber insurance to cover online financial frauds

Flipkart, Bajaj Allianz launch cyber insurance to cover online financial frauds

Finance
Bengaluru: Flipkart and Bajaj Allianz General Insurance Company have come together to offer 'Digital Suraksha Group Insurance' for customers who want to cover themselves against financial losses caused as a result of cyber-attacks, cyber frauds, or other such malicious activities across various online platforms. This insurance compensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing and SIM-jacking, a joint statement said. "Customers can opt for a one-year cover at premiums as low as Rs 183 for a cover of Rs 50,000," the statement added. Let's block ads! (Why?) Banking/Finance-Industry-Economic Times
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Sep192018 by adminNo Comments
Flipkart launches a credit line for customers

Flipkart launches a credit line for customers

Finance
BENGALURU: Just weeks before its annual festive sales, Flipkart has introduced a credit line for customers to complete their shopping on the platform. Called ‘Cardless Credit,’ it enables customers to get an instant credit line of up to Rs 60,000, based on the user’s creditworthiness. This will enable customers who do not have a formal credit access, to purchase products and thereby trigger a growth in the gross merchandise value for the ecommerce platform. “Close to 45 million customers on our platform do not have formal access to credit and a good portion of this is emerging from tier II, III towns,” said Ravi Garikipati, senior vice president and head of Fintech Flipkart. “Cardless Credit is a step in the direction to make e-commerce more inclusive and help customers...
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