What’s Buy Now Pay Later (BNPL)? Why is it in the news?

On June 20th, RBI issued a direction disallowing non-banking Prepaid Payment Instruments (PPI) from loading credit lines on the PPI. This bans PPI wallets from being loaded with credit lines/credit cards. What is BNPL? BNPL is short-term financing for consumers who can buy products and get short-term credit and pay later for the credit taken. […]




