Credit On Tap™ is a line of credit extended to customers for making time-critical payments at a time when they don’t immediately have cash
It was piloted in Malwani as a vanilla product in 2016 for parents of school children. The brand Credit On Tap™ was introduced in January 2017
Credit On Tap™ is currently being offered in parts of Mumbai and its suburbs
Credit On Tap™ is primarily designed for the BoP segment
Simply put, Credit On Tap™ is line of credit which is extended to people who show responsible financial behaviour and good financial health. The more responsible you are financially and the more financially healthy you are, the more credit you get.