Shop EMI Software for Mobile Shops in India

In India, a large share of smartphones are sold on EMI. Much of that goes through bank and finance-company schemes at the counter, but many neighbourhood mobile and electronics shops also run their own "shop EMI" — the customer pays a down payment, takes the phone home, and pays the rest in monthly instalments directly to the shop, often with a guarantor who is known to the owner.

Shop-run EMI builds loyal customers, but it is also where shops lose money: missed instalments nobody followed up, a guarantor's number that was never written down, or a phone whose IMEI can't be matched to the customer who still owes on it.

What to record on every shop-EMI sale

• The exact unit: the phone's IMEI, so a returned or disputed handset can be matched to the account.
• The customer: name, mobile number, address and ID (Aadhaar or another government ID, kept in line with your own privacy practices).
• The guarantor: name, mobile number and ID.
• The schedule: down payment, number of EMIs, amount and due date of each.
• Every payment: date, amount and who collected it.

Bank EMI vs shop EMI in your POS

When a customer uses a bank or finance-company EMI, your shop is usually paid in full by the lender, so in your POS it is a normal sale paid by card or bank transfer. Only shop EMI — where the customer owes your shop — needs an instalment schedule in your POS. Keeping the two separate stops your receivables from looking larger than they are.

A simple daily routine

1. Each morning, open the list of EMIs due today and overdue.
2. Call or WhatsApp customers due today; call the guarantor for anything more than a week overdue.
3. Record every payment the moment it is received, against the right instalment.
4. At month end, check total outstanding EMI against what you expected to collect.

Doing it for free

MobiPOS handles shop EMI as part of a complete POS, and it is free for lifetime — no trial, no per-user fees. Add the phone by IMEI, choose Installment, enter the down payment and number of monthly EMIs, add the guarantor, and the schedule and invoice are created automatically. Your daily due and overdue list is one click away.

Note: rules on consumer credit vary by state and change over time. If you charge interest or late fees on shop EMI, check the current requirements with your accountant.