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The Mobile Store Offers EMI Option On Debit Cards
 
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The Mobile Store Offers EMI Option On Debit Cards  
 
The Mobile Store is coming up with an option for users to use their debit cards for EMI deals!   
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Saturday, June 15, 2013 EMI or Equated Monthly Installment has definitely worked as a good bait for consumers interested in high-end phones, vehicles and other products. However, the process was a tad difficult for consumers and this is the reason that many stayed away from it. However, possibilities are now going to open with The Mobile Store coming up with an option for users to use their debit cards for EMI deals. A Bangalore-based software company, Innoviti Embedded Solutions, is working on monthly installment payment option through debit cards and The Mobile Store is a working partner. The Mobile Store is currently nation’s largest mobile phone and accessory retail chain with more than 800 outlets spread all across.

EMI, Phone on EMI, buy phone on EMI, The Mobile Store, The Mobile Store Phone on EMI,




EMI schemes are presently available to customers with credit cards or can be availed by issuing post dated cheques to financing agencies. Himanshu Chakrawarti, the CEO of The Mobile Store says that more than 30 per cent of their sales are done through EMI schemes and the rate is growing exponentially. With the debit card payment facility coming in, users will have easier option for shopping and revenues will certainly grow.

It is worth mentioning here that the consumer base of debit card using people is is ten times more than the credit card users and is around 200 million. With the new technology, a consumer just needs to swipe the card and sign a mandate from promising to convert the total amount of purchase into installments on the tenure agreed upon. The first installment is deducted at the shop then and there and the later installments are deducted from the bank account.



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