With the digital medium being the preferred choice for shopping and the increase in spending, items that give immediate gratification have made ‘buy now, pay later,’ or BNPL, a success. By partnering with financial institutions worldwide, sellers have also been making the process of buying as seamless as possible over the decades—from the invention of credit cards to converting purchases into EMIs instantly without any processing fee and now to BNPL. But how is BNPL different from the rest? |
