QuiDPe is a digital platform designed to help India’s MSMEs manage their invoice payments efficiently. With tools for digital invoice management and flexible repayment options, the platform helps businesses improve their cash flow management.
This app offers two primary features to help users pay their invoices. With the Pay Now option, users can select bills from their distributor and make payments using UPI or Net Banking. Alternatively, users can choose the Pay Later option, which allows them to pay invoices on credit and extend their credit limit with the distributor. Eligibility for the Pay Later feature is based on business history, transaction volume and review by our financial partners outlined below.
QuiDPe has partnered with RBI-authorized NBFCs. You can learn more about these partners on our website at https://quidcash.in/
Privacy Policy - https://quidcash.in/privacy-policy/
Terms and Conditions - https://quidcash.in/terms/
The app is available to Indian nationals who are retailers partnered with approved distributors. To be eligible, businesses must have been operational for at least 18 months. Applicants and co-applicants must be between 23 and 65 years of age. Eligible entities include proprietorship firms, partnership firms/LLPs, and private limited companies.
To use the app, start by signing up with your anchor-registered number. Once logged in, select the invoices you wish to pay and decide how much you want to pay. You can then choose between the Pay Now or Pay Later options for paying the invoices.
If you choose the Pay Later option, you’ll need to complete your KYC and provide consent for the specific day on which you plan to make the payment. Make sure to pay the due amount on or before the agreed payment date.
For the Pay Now option, simply select UPI or Net Banking and complete the payment for the bills immediately.
For a ₹100,000 Pay Later transaction, users can repay within 0 to 60 days. The first 15 days are interest-free, followed by a 24% annual interest rate for the remaining 45 days, resulting in ₹2,956 interest. No processing fee or GST is charged.The disbursed amount is ₹100,000, and the total repayment amount is ₹102,956, with an APR of 17.98% pa.