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Buy Now Pay Later: The Next Big Thing Driving Financial Innovation

Buy Now Pay Later: The Next Big Thing Driving Financial Innovation

Buy Now, Pay Later (BNPL) has forayed into the financial landscape as one of the most sought-after modes for purchase financing among millennials and the gen Z population. Customers are counting on the BNPL model, owing to engaging apps that offer multiple features, including targeted offers, wishlists, and budgeting tools. BNPL brands are resonating with millennials, owing to simplicity and cost. In a layman’s language, BNPL services enable customers to buy a product or service and pay later in interest-free installments. Undoubtedly, it has sent shockwaves in the credit card industry. Tech-savvy millennials and gen Z are banking on the…
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