Both Amazon and Flipkart, the online retailers have tied up with banks and financial institutions to provide discounts on a range of products at their annual festive sale event. Flipkart has started selling on October 15, while Amazon has scheduled their sale on October 16.
The e-commerce platform Flipkart is already providing discounts on various products like smartphones and consumer durables. In addition to this, it has also tied up with the State Bank of India and Axis Bank. The SBI customers can avail of a 10% discount during the sale. The Axis Bank Credit cardholders would get a 5% cashback on each purchase made. Also, for any payment made through UPI or Wallet, the Paytm users shall get cashback. For providing a no-cost EMI offer, they have tied up with SBI, ICICI, HDFC, and Bajaj Finserv.
Amazon, too had tied with Banks for providing additional discounts to the customers. The HDFC customers can get a 10% discount on debit/credit card purchases along with a no-cost EMI facility. The no-cost EMI option will also be available with the Bajaj Finserv EMI card or Amazon’s Pay Later feature. The ‘pay later feature’ is offering EMI options for those who are short on cash. Zest Money also provides this service.