Why buy now, pay later has become preferred choice among millennials?

Digital payments have emerged as one of the fastest growing segments in the high-growth fintech industry. With more than 40 billion transactions worth over quadrillion rupees , the digital payment industry has emerged as a leading player in the sector.

In keeping with its innovative nature, the latest trend in the industry is the ‘Buy Now, Pay Later’ or BNPL model. Similar to a credit card payment method, BNPL offers the user even more convenience. Targeted at the digitally-savvy millennial generation, it has garnered increasing uptake among online merchants…

Read More: https://www.cnbctv18.com/finance/why-buy-now-pay-later-has-become-preferred-choice-among-millennials-12010972.htm