What is BNPL
BNPL allows customers to buy products immediately and pay later in installments or deferred payments.
How BNPL Works:
- Soft credit checks determine eligibility.
- Customers repay over weeks or months while the BNPL provider pays the merchant upfront.
- Widely used in ecommerce platforms and select retail stores in India.
Benefits:
- Zero-interest short-term repayment (depending on provider)
- Faster checkout experience
- Increases conversion and customer satisfaction
FAQs:
What is BNPL?
Buy Now Pay Later allows customers to purchase immediately and pay later in installments or deferred payments.
How does BNPL work in India?
BNPL providers perform soft credit checks and allow repayment over weeks or months while paying the merchant upfront.
Is BNPL better than EMI?
BNPL may offer zero-interest short-term repayment; EMI usually includes interest.
Where can I use BNPL?
Available on most ecommerce platforms and select retail stores in India.