Monday, February 07, 2022

What is BNPL ? How it is helping the digital payment system.

BNPL or 'Buy now,Pay Later' is digital e- payments system, which is gaining traction in India.

Amazon,Flipkart,Freecharge and all other major sites are promoting this form of payment.

BNPL grew by 637 % in 2021 faster than growth clocked by UPI payments.

India is set to be big market for BNPL as the spike in these transactions indicate.

Total transaction growth in digital payments in 2021 was around 104 %.

Source - timesofindia

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