MobiKwik is an innovative payment platform. You can use it to pay for anything from mobile recharges to bill payments and shopping at partner sites.
ZIP by MobiKwik is a unique payment mode that allows you to make payments with your mobile phone. With this app, you can send money through the MobiKwik app, which is available on both Android and iOS.
The MobiKwik ZIP allows you to pay your utility bills, school fees, and more using the buy now pay later method. Suppose you don’t have money right now and today is the last date of clearing your electric bill due. If you can’t pay today, you will be charged with a penalty. However, with MobiKwik ZIP, you can pay your bills even if you are going through a financial crunch. It grants you a certain amount as a loan so that you can make your purchases and clear other dues without facing uninterrupted services and penalties. You need to repay the amount within a given time. Also, this will aid in building your credit score. Let's see it in detail.
How to Build your credit score with MobiKwik ZIP
MobiKwik ZIP Credit is a simple, secure, and convenient way to build your credit score. It's available in physical and virtual formats, which means you can use it on any device: PC, laptop, or mobile phone.
The best thing about this specific service is that it helps you shop better and more innovative by offering exclusive offers from leading brands across various categories like Mobile Recharges (airtime), Bill Payments, and more!
ZIP is a cashless payment option
ZIP is a cashless payment platform that provides you with a short-term, interest-free line of credit. The ZIP Card can be used at any merchant that accepts MasterCard or Visa debit cards. It can be used for multiple purposes like mobile recharges, bill payments, and shopping at partner sites. You can apply for this product on the MobiKwik app or website.
You can use your ZIP Card to pay for utilities and other bills like electricity, gas, and water; insurance premiums; school fees; tuition payments at universities or colleges around the world; medical bills such as hospitalization expenses (in case of sickness), prescription drugs, etc., even movie tickets if they have been purchased online via MobiKwik's app.
You can use MobiKwik ZIP for multiple purposes
You can use MobiKwik ZIP for multiple purposes such as mobile recharges, bill payments, shopping at partner sites, and more. Once you are granted the ZIP loan amount, you can pay your bills and make purchases using the below-mentioned payment methods.
· Credit card or debit card
· Net banking
· UPI
Build your credit score
Not only will it help you shop better and smarter, but it also helps you build your credit score when used responsibly.
ZIP is a cashless payment option that provides you with a short-term, interest-free line of credit. You can use MobiKwik ZIP for multiple purposes like mobile recharges, bill payments, shopping at partner sites or stores, etc.
To use MobiKwik ZIP - Pay Later,
· Open the MobiKwik
· Proceed with the bill payment by selecting categories and entering personal details.
· Once you are done, choose ZIP among the available ones as the payment mode.
· Enter voucher codes, if any.
· Press the Payment button for processing the transaction.
Surprisingly, you don’t need to pay any interest on the principal amount given to you. Paying the amount back timely will help you build an impressive credit score.
Conclusion
In conclusion, we can say that MobiKwik ZIP is a good option for building your credit score. It is a great way to track your finances and ensure that you are taking care of your debts. The company is very easy to use and has many different features that make it useful for anyone who wants to manage their money better.
MobiKwik's ZIP credit can be used for various purposes. However, it is important to use it responsibly and only use your credit limit when you need to make a purchase. This will help build your credit score by ensuring that you pay off the balance in full every month.
