Simpl is a popular digital payment method in India that allows consumers to make online and offline payments, with the option to defer the payment until a later date. Simpl works in partnership with businesses to offer this payment option to their customers.
The functioning of Simpl is quite simple. Customers can sign up for Simpl and link their bank account or credit/debit card to their Simpl account. When they make a purchase online or offline at a Simpl partner merchant, they can choose Simpl as their payment method and their purchase will be billed to their Simpl account. Customers then have the option to defer the payment until a later date.
Simpl has become popular in India due to its ease of use and convenience for consumers. However, it is important to note that this payment method is limited to Simpl’s partner merchants and cannot be used to make purchases from other businesses. Additionally, the late fees for deferred payments can be high, so it is important for customers to use this feature responsibly.