You can now extend cardless-EMI payment options for your customers on the Checkout through Walnut 369.
Walnut 369 is a cardless EMI offering by Capital Float - a BNPL (Buy Now Pay Later) and Credit platform. Using Walnut 369, your customers can convert their payment amount to EMIs without a debit or credit card.
Handy Tips
This is an on-demand feature. You can sign-up for our early access program using this form.
Minimum Order Amount
Your customers should place an order of at least ₹900 to use Walnut 369 as the cardless EMI payment provider.
On-the-fly registration
The customers can sign up right from Razorpay Checkout by providing their PAN, date of birth, and Aadhaar number for KYC verification.
High approval rate
More than 40% of the customers who sign up for Walnut 369 would be eligible for credit.
Zero integration efforts
If you use Standard Checkout, Walnut 369 will be available once our team enables the feature. You do not need to make any changes to your integration.
Watch this video displaying the content checkout flow for Walnut 369.
Given below is the payment flow for customers using Walnut 369 on Standard Checkout:
Customers enter the required details on the Checkout form and select EMI.
Customers select Walnut 369 as the cardless EMI service provider.
An OTP is sent on their registered mobile numbers to authenticate the customer account. They enter the OTP and click Verify.
To complete the KYC verification, they enter their PAN and date of birth and click Continue.
They enter their Aadhaar card number and click GET OTP. An OTP is sent to the mobile number and email address registered with their Aadhaar.
They enter the OTP and click VERIFY.
The EMI options are displayed to the customers. They can select the tenure and click Agree & Continue.
Customers make a down payment using the UPI payment method. A UPI collect request is sent to the customer. They can use their UPI PSP app to complete the payment.
You will receive the entire transaction amount from Walnut 369. Depending on the terms and conditions, the customer pays the total order amount with additional interest (if any) as EMIs to Walnut 369.
