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Vaibhav Babruwan Shingde

Student • 1y

Today's Topic : Buy Now Pay Later Services Do You think BNPL Service will big ? E.g : Simpl,Lazypay etc. •Buy Now, Pay Later (BNPL) services are popular for splitting purchases into smaller, interest-free installments. •BNPL services are targeting younger generations and have become a compelling alternative to traditional credit. •The pandemic-driven e-commerce boom and ease of use contribute to their popularity. •BNPL caters to the desire for instant gratification and can encourage impulsive purchases. •Missed payments can trigger late fees and debt, negatively impact credit scores, and lack of regulation is a potential risk. •Consumers should consider their budget, understanding the terms, and whether they need or want to use BNpl before making a purchase. •Expect increased regulation, greater transparency, and potential consolidation within the industry in the future. • It's important for consumers to budget well and make informed decisions. •Let's Discuss In Comments 🤩!!

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