Many smartphone applications with the tagline 'buy now pay later-BNPL' have recently entered the Indian market. These applications function in the same way that credit cards do. Customers may use these BNPLs to get fast credit to pay for things like power bills, meals, shopping, and other goods and services. Customers may use this strategy to fulfil their everyday costs without having to worry about running out of cash. Many applications in India have emerged with netizens urging them to 'purchase now... pay later.' Among them are.....
Lazy Pay App
The Lazy Pay app allows you to apply for a personal loan of up to Rs 1 lakh. To find out what your credit limit is, you'll need to submit some basic information about yourself. One of the advantages is that you may apply for a personal loan not only up to Rs 1 lakh, but also for smaller sums such as Rs 10,000 or Rs 20,000. You may apply up to your credit limit. Payu Finance India Pvt. Ltd.
PostPe App
Another commerce, payment platform post with a 'Buy Now...' button. 'Pay Later.' You may use this app to purchase any thing in advance and pay later. This software allows you to be financially independent. It also assists you in keeping track of your monthly spending. Bharat Pay, an Indian financial business, has released a postpaid app. Bharat Pay is the industry leader in QR code payments for UPI.
PayTM Postpaid
Paytm is the market leader in India for Fintech companies. It began as a mobile app called Daily Payment App, Digital Wallet. In 2015, I became a member of a payment bank. Paytm postpaid may be used to make payments online or in person at merchant websites or Paytm platform acceptance locations. You may acquire up to Rs 60,000 in credit with no interest for 30 days. Obtaining a Paytm postpaid service is a completely digital procedure.
Amazon Pay Later
Amazon Paylator is the new moniker for Amazon Pay's EMI services. This is the quickest way to buy an Amazon Dot in EMI. This can be done in two minutes with a one-time setup.
Flipkart Pay Later
Flipkart Pay Lottery allows its consumers to pre-purchase and post-pay. The maximum credit limit is Rs 70,000. It allows clients to make purchases on their platform even if they do not have a credit card. Customers may utilise the Flipkart Pay Lottery to avoid delays in the Flipkart.com checkout process. Customers who buy the products must pay the full amount by the 5th of the following month. There is no additional payment for this. With Flipkart Pay, keeping track of your expenditures is a breeze.
Mobikwik ZIP pay
MobiQuick is a mobile wallet similar to Paytm. Payment banks are not permitted to operate in the same capacity as Paytm. MobiQuick, a fintech company, is well-known in the nation. MobiQuick is widely regarded as the most effective and helpful home fintech brand. It has about 120 million consumers in the United States. MobiQuick Zip Pay provides a credit limit of Rs 30,000 with no interest. It also functions as a digital credit card. The same as a credit card. To obtain these credit parks, you must first sign up for the MobiQuick app. The zip function must also be enabled. The amount of credit you take will be added to your digital wallet instantly.
Customers are more interested in using BNPL applications. Because banks do not charge as much in late fees, interest rates are lower than they should be. Credit card payroll, business, CIBIL score, payment ability, and other factors are all taken into account. Purchase now and pay later, but take the fundamental information and provide loans. There is a simple loan application process, a smaller charge, and a lesser risk. They are gaining popularity as a result of this.
