New Delhi: Buy Now Pay Later Or BNPL Loan With technology making it easier for lenders to provide secured-ticket loans, without the risks or costs associated with lending to this category, they are poised to disrupt the credit market. NS
NPL refers to the technology enabled credit which is given to the borrowers at the point of sale as a payment option. Unlike credit cards, credit decisions are taken on the spot using technology for the sale amount.
“With BNPL, banks and other lenders can re-imagine the loan. It is like providing a pouch-sized line of credit to customers without incurring the cost of credit card infrastructure or the extensive process related to personal loans. Yezdi army, founded by FlexMoney Technologies – A company that enables BNPL loans for top banks of the country.
He added that the platform offers lenders to temporarily open credit windows during festivals and hiking limits for short periods. Apart from FlexMoney, Paytm, LazyPay, Simple, Capital Float and . like other players zestmoneyThose who are active in BNPL, according to a report by Bernstein, the BNPL market in India is estimated at $15 billion and is expected to reach $100 billion by 2025.
NPL refers to the technology enabled credit which is given to the borrowers at the point of sale as a payment option. Unlike credit cards, credit decisions are taken on the spot using technology for the sale amount.
“With BNPL, banks and other lenders can re-imagine the loan. It is like providing a pouch-sized line of credit to customers without incurring the cost of credit card infrastructure or the extensive process related to personal loans. Yezdi army, founded by FlexMoney Technologies – A company that enables BNPL loans for top banks of the country.
He added that the platform offers lenders to temporarily open credit windows during festivals and hiking limits for short periods. Apart from FlexMoney, Paytm, LazyPay, Simple, Capital Float and . like other players zestmoneyThose who are active in BNPL, according to a report by Bernstein, the BNPL market in India is estimated at $15 billion and is expected to reach $100 billion by 2025.
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