Buy now, pay later: Should you opt for this new credit facility for online shopping?

| Dec 23, 2021, 08:00:00 AM | TOI.in
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The emergence of payment apps offering 'buy now pay later' options in India means online shoppers have endless possibilities of short-term credit. Service providers like Amazon, Flipkart, Paytm, Mobikwik, and Ola, along with many others offer short-term credit to online shoppers which is similar to that offered by credit cards but with a lower limit. For financially responsible shoppers, BNPL options come with some advantages, like easy registration, no yearly charges and can be used for small purchases. Unlike credit cards, buy now pay later options do not require any CVV or OTP every time you purchase.

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