eSewa Introduces BNPL Financing for Electric Scooters in Partnership with Reliance Finance
eSewa has partnered with Reliance Finance Limited and Paramita Investment Pvt. Ltd. to launch a 'Buy Now, Pay Later' (BNPL) financing service for electric scooters. Under the initiative, customers can secure instant digital loans of up to Rs. 200,000 at an interest rate of 9.99% with repayment options extending up to 36 months directly through the eSewa app.
Leading digital payment service provider eSewa has announced the launch of a new Buy Now, Pay Later (BNPL) feature, allowing users to purchase Paramita electric scooters on an installment basis directly through its mobile platform.
The service was introduced through a tripartite agreement between eSewa, Reliance Finance Limited, and Paramita Investment Pvt. Ltd. Under this financing arrangement, Reliance Finance will extend digital loans with key features including:
- Loan financing up to Rs. 200,000
- An attractive annual interest rate of 9.99%
- Flexible repayment tenure options of up to 36 months
Customers can execute the entire financing workflow seamlessly within the eSewa app, eliminating traditional loan paperwork and removing the barrier of paying the full purchase price upfront.
The partnership agreement was officially signed at eSewa's head office on Ashoj 8 by then eSewa CEO Jagdish Khadka, Reliance Finance Deputy CEO Ram Hari Acharya, and Paramita Investment representative Manan Tuladhar. The initiative combines digital payments with green mobility financing to accelerate electric vehicle adoption across Nepal.