ZestMoney is a payment platform that enables customers to buy high-priced items on EMI without using a credit card. Although the number of debit and credit cards is increasing, most Indians prefer debit cards over credit cards. If we look at the statistics released by the Reserve Bank of India in March 2016, a total of 661.8 million debit cards and only 24.51 million credit cards were in operation.

More often than not, customers wish to shop online, but don't because either they don't have a credit card or do not know about credit card purchases. But the good news is you can make EMI-based purchases without using a credit card. This is what we, at ZestMoney, are aiming for- give people a chance to buy products on EMI but without involving credit cards.

Backed by some of the reputed investors from the financial investment domain, we seek to use data science and technology for improving credit delivery in India. Since many Indians are new to the credit system, our products aim to simplify methods of credit assessment and approval. You can now buy mobile phones, gadgets, jewellery, and all your favourite things from our partner merchants' website and pay in easy installments- all without using a credit card.

This extension is free to integrate but there is an additional charge for using our service. You'll need a partner account with us before integrating this plugin. Sign up here to create one - zestmoney.in/merchant/

Visit www.zestmoney.in for more information or to signup with ZestMoney.



ZestMoney is available at the checkout of prominent e-commerce websites.

We have partnered with some of the best e-commerce portals for offering the best possible service to our valuable customers. When you shop on any of our merchant's website, you will find ZestMoney on the checkout page. However, as a payment option, we maintain the full security of your transactions and ensure that you get authentic products. We don't work with e-commerce portals who don't meet our quality and security standards.



ZestMoney leverages technology and data science

Our ZestMoney extension functions as an EMI-based method of payment on the merchant's website. After installing and configuring the ZestMoney extension, it will add a few features to the front end and back end.

The front end features the product display page, where a modal-based widget providing EMI plan details is displayed. The front end also provides details of the various steps involved in the loan application process. The back end gets a check-out page widget, which shows up while selecting the payment. The check-out page widget also features a totality of EMI plans.



Configuration and the checkout process

The Magento Admin Panel helps you configure your ZestMoney account. You need to go to “systems”, after which you can configure your account under “configuration”. You will be redirected to the “sales” page of the merchant's website, where you get a list of “payment methods”. Once you select your payment method, you can click on ZestMoney and configure “Basket amount min/max”, “Client Id”, “ZestToMerchant”, “MerchantToZest”, “Categories” etc provided by ZestMoney.

We offer two options on the order view page of the merchant's website: Zest Status and Zest Delivery. With the help of these two buttons, you can check the status of your order and send delivery notifications to ZestMoney. If you send the delivery status, you will be ensured that the loan amount will be settled between you and ZestMoney. Our credit package is aimed at e-commerce platforms and merchants for enabling EMI payments through ZestMoney.



Key features of ZestMoney

Shop online with easy EMI payments without a credit card

The whole process is done completely online

Instant credit assessment and approval

Easy account opening process

No prepayment penalties involved

No hidden costs

Transparency in fee structure



As India is transforming into a cashless society, the demand for credit cards has risen significantly. But a large chunk of the Indian population has no access to digital or cashless means of exchange. In order to provide reliable credit and empower Indian lives, we have emerged as a useful medium. Our platform aims to put data science and technology in the forefront for improving credit delivery across the country.

We are targeting the country's population that does not have a credit card. In order to give them a taste of online shopping, we help them in creating a virtual EMI-based loan at different e-commerce merchants' websites. Since ZestMoney does not depend on credit cards to provide loans, people can shop online without worrying about hefty monthly instalments.

ZestMoney creates a win-win situation for both buyers and sellers by enabling buyers to make EMI-based purchases and giving sellers an opportunity to earn more sales revenue. Moreover, we help you get amazing products at a fair monthly EMI without you going through the cumbersome process of credit assessment and approval.

Report Issue at tech-support@zestmoney.in