Ospree Duty Free debuts ‘Buy Now, Pay Later’ scheme at Mumbai Airport

INDIA. Ospree Duty Free has introduced its zero cost ‘Buy Now, Pay Later’ initiative at Mumbai Chhatrapati Shivaji Maharaj International Airport. The retailer claims this is the first time such a service has been introduced in a duty-free store worldwide.

As reported, the retailer has introduced a scheme through which shoppers can enjoy interest-free Equated Monthly Installments (EMI) across three months.

Digital screens in the Ospree Duty Free store at Mumbai Airport amplify the new buy now, pay later scheme to shoppers

The scheme can be used on a variety of fashion, watches and electronics products. It is available for transactions over INR25,000 (US$300), enabling customers to spread the cost of their purchases without any added interest.

Ospree Duty Free said the initiative will significantly enhance the shopping experience in its stores, offering customers greater flexibility and convenience.

The retailer added that the scheme aims to make luxury and high-end products more accessible, attract more customers and increase sales, thereby driving company growth.

Signposts to the interest-free instalment scheme are placed in the duty-free store product zones

Ospree Duty Free CEO Avishek Bambii Das said: “We are excited to be the pioneers in introducing the no-cost EMI scheme in the duty-free sector. This initiative is a testament to our commitment to providing innovative solutions that enhance the shopping experience for our customers.”

Ospree Duty Free CFO Niraj Kumar added: “By offering a three-month no-cost EMI, we aim to make high-quality products more accessible to our consumers. This scheme reflects our dedication to customer satisfaction and financial flexibility.”

Adani Airport Holdings Group CFO Rakesh Tiwary commented: “We are confident that this initiative will significantly enhance the shopping experience at our duty-free stores, offering our customers greater flexibility and convenience.” ✈

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