Definition -
To ensure safe spending practices, each new user is evaluated by our system to determine the user’s maximum spending abilities. This value is called your ‘Spending limit’. It is the maximum amount you can purchase up to while checking out with Koko/Daraz PayLater. Your maximum spending limit can be seen on the right of the “Spending limit” toggle as shown below. The limit you can purchase up to, at any given time would be your “You can spend up to” which is your maximum spending limit net of your current ongoing dues.
Dynamic nature -
Your spending limit is unique to you and is auto assigned day-in and day-out by our system. Our decision-engine regularly updates your spending limit based on your usage, uploads, campaigns, and current market conditions. This is to keep you safe and make sure you spend responsibly.Minimum Spending level is zero and the maximum Spending limit a customer can receive is Rs. 125,000 but will differ according to customers spending capacity