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…