 Buy Now, Pay Later: Why India Is No Fan

The central bank sees too many risks involved with the proliferation of online fast-loan providers, despite the relatively small amounts involved.

BNPL schemes under a cloud as RBI imposes restrictions on prepaid payment instruments

Soon after the RBI restrained prepaid payment instruments from loading via credit lines, there is a growing concern over the future of BNPL schemes

Buy now, pay later: Apple will now lend you money

Pay Later will be built into the Apple Wallet and eligible for use on any purchase made through Apple Pay. Customers will be able to split the cost of a purchase into four equal payments, with zero interest and fees, spread over a period of four months.

Is it the beginning of the fall of the BNPL industry?

Falling profits, high cost of capital and increasing frequencies of delinquencies may relegate BNPL redundant as a payment mechanism.&nbsp;

Using Buy Now, Pay Later apps? Keep an eye on your credit report, there could be loans you did not sign up for

With a growing popularity of BNPL schemes, it is becoming increasingly common for borrowers to find loans, which they did not take, in their credit reports.&nbsp;

Buy Now, Pay Later may be worsening your credit score. Are they selling person loans in disguise?

Customers unknowingly are buying personal loans in the name of Buy Now, Pay Later. This is raising a lot of questions on the credit line’s credibility.

What is buy now pay later (BNPL)?

When you often buy products online, you can make use of a credit facility — buy now and pay later. These are offered by HDFC Bank and Amazon, among others. Read further to know more about these credit options.

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Buy Now, Pay Later: Why India Is No Fan

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