BNPL is a credit option that gives customers at storefronts and on ecommerce pages the option to defer payments free of cost or to convert the transaction value into equated monthly installments (EMI). The facility is provided by financiers even to those without credit cards.source https://economictimes.indiatimes.com/industry/banking/finance/visa-mastercard-hop-on-for-buy-now-pay-later-ride-plan-launch-in-india-by-end-of-fy22/articleshow/87196131.cms
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