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  • It ruined everything: 'Buy Now, Pay Later' drives Gen Z into debt Nov 02, 2022 06:51 AM IST

    It ruined everything: 'Buy Now, Pay Later' drives Gen Z into debt

    The promise of interest-free payments made BNPL products particularly attractive to credit card-wary Gen Z, who in many cases grew up watching loved ones struggle during the financial crisis

  • EarlySalary raises $110 million in Series D round, valued at $300 million Aug 30, 2022 10:15 AM IST

    EarlySalary raises $110 million in Series D round, valued at $300 million

    The company plans to use proceeds to scale its business in the next 24 months.

  • Fintech startup Innoviti raises $45 million led by Singapore's Panthera Growth Partners Jul 08, 2022 10:29 AM IST

    Fintech startup Innoviti raises $45 million led by Singapore's Panthera Growth Partners

    Innoviti will use the funds to expand the company’s mid-market product lines in electronics, fashion, and grocery as well as build products on its UPI payment channels, the startup said

  • Buy Now Pay Later | RBI needs to adopt a balanced approach Jul 07, 2022 04:40 PM IST

    Buy Now Pay Later | RBI needs to adopt a balanced approach

    The RBI’s notification is addressed only to non-bank PPI issuers, and the conspicuous omission of banks poses a question whether bank-led PPIs can be loaded with credit lines

  • Buy Now Pay Later | RBI’s timely move will check explosive growth of unsecured credit Jul 05, 2022 01:31 PM IST

    Buy Now Pay Later | RBI’s timely move will check explosive growth of unsecured credit

    The RBI’s new guidelines have re-established the basic purpose of the PPIs. It has affirmed that these were meant to be purely payment instruments, and not Trojan horses to extend unsecured credit 

  • Should you buy now, pay later? Watch out! Jun 25, 2022 10:29 AM IST

    Should you buy now, pay later? Watch out!

    While the financing programs offer upsides like interest-free payments, there are potential dangers. The rule of thumb for financial security is to be aware of your budget and in control of your spending, personal finance, say experts

  • Buy now, pay later firm Zip to raise fees amid surging inflation Jun 22, 2022 01:10 PM IST

    Buy now, pay later firm Zip to raise fees amid surging inflation

    The company, which is yet to post an annual profit, has also been cutting its cost base with the aim of turning a profit in fiscal 2024.

  • Britain plans to regulate 'buy now, pay later' lenders Jun 20, 2022 03:32 PM IST

    Britain plans to regulate 'buy now, pay later' lenders

    The British government announced on Monday that "buy now, pay later" (BNPL) companies will be required to do affordability checks, obtain clearance from the Financial Conduct Authority (FCA), and ensure that advertisements for their schemes are fair and clear.

  • Apple will handle lending itself with new pay later service Jun 09, 2022 07:24 AM IST

    Apple will handle lending itself with new pay later service

    A wholly owned subsidiary will oversee credit checks and make decisions on loans for the service, which is called Apple Pay Later. The business -- Apple Financing LLC -- has necessary state lending licenses to offer the feature, though it operates separately from the main Apple corporation, the company said in response to Bloomberg questions.

  • Funding Squeeze at Buy-Now-Pay-Later Pioneer Flashes Industry Warning Jun 08, 2022 04:58 PM IST

    Funding Squeeze at Buy-Now-Pay-Later Pioneer Flashes Industry Warning

    Securitization packages of buy-now-pay-later loans from one provider, Affirm Holdings Inc., are falling in price for investors to buy while becoming more expensive to issue, after rising rates and a cost of living crisis cast a shadow over the sector.

  • SME-focused lending platform FlexiLoans.com raises $90 mn Jun 07, 2022 07:33 AM IST

    SME-focused lending platform FlexiLoans.com raises $90 mn

    FlexiLoans.com said that the investment round provides it a strong runway for its growth as it comes at a time when there is a fintech push by the government, especially for the MSME sector.

  • Delhi firm launches ‘Buy now, Pay later’ option for day-care medical procedures at hospitals  May 24, 2022 10:12 AM IST

    Delhi firm launches ‘Buy now, Pay later’ option for day-care medical procedures at hospitals 

    The health tech company says its aim is to speed up the treatment of patients by providing them quick access to funds

  • UPI to stay on top; BNPL, digi currency to spur digital payments growth in next 5 years: Report Apr 17, 2022 01:58 PM IST

    UPI to stay on top; BNPL, digi currency to spur digital payments growth in next 5 years: Report

    Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank Digital Currency (CBDC) and offline payments will drive growth of digital payments in India in the next five years, PwC India said in a report.

  • How are pay-later cards different from credit cards? Mar 30, 2022 08:50 PM IST

    How are pay-later cards different from credit cards?

  • Exclusive: CRED in talks to raise funding, eyes $6.5 bn valuation Feb 09, 2022 08:01 AM IST

    Exclusive: CRED in talks to raise funding, eyes $6.5 bn valuation

    In the last one and a half years, CRED has built a loan book of over Rs 2000 crore, likely with low defaults since it caters to highly credit-worthy customers.

  • LazyPay launches BNPL EMI facility, integrates with PayU payments gateway Dec 01, 2021 03:28 PM IST

    LazyPay launches BNPL EMI facility, integrates with PayU payments gateway

    LazyPay EMI has been launched as a response to bridge the prevailing credit gap in the Indian market, along with serving the evolving credit needs of the data-rich and digitally active consumers, which are not being addressed by traditional financial institutions, the company said.

  • Storyboard18 | BharatPe to spend Rs200 crore on marketing initiatives Nov 09, 2021 06:07 PM IST

    Storyboard18 | BharatPe to spend Rs200 crore on marketing initiatives

    In an exclusive chat with Storyboard18, Suhail Sameer, CEO, BharatPe talks about the brand’s focus on sports, getting 200 influencers on board and marketing postpe in a way that redefines credit.

  • PhonePe withdraws petition against BharatPe's Postpe, to file fresh suit Oct 23, 2021 06:11 PM IST

    PhonePe withdraws petition against BharatPe's Postpe, to file fresh suit

    During the hearing, the Court observed that the mark PostPe adopted by Resilient Innovations is so phonetically, structurally and visually similar to PhonePe mark that it also thought that PostPe/postpe is a natural evolution of the word PhonePe and emanated from PhonePe.

  • With 10x growth for BNPL products during sales, fintechs gear up for a bumper festive season Oct 07, 2021 06:06 PM IST

    With 10x growth for BNPL products during sales, fintechs gear up for a bumper festive season

    Fintechs are hoping for a growth of anywhere between 50 and 150 percent in the usage of buy now, pay later products by customers for festive season purchases. Tier-II and III cities are driving demand across ticket sizes.

  • How is Buy Now, Pay Later different from credit cards & EMI cards Aug 24, 2021 09:17 PM IST

    How is Buy Now, Pay Later different from credit cards & EMI cards

    Amid the COVID pandemic, many people shifted to online shopping and looked for interest-free credit options. Due to this, fintech firms that allow customers to 'Buy Now & Pay Later' gained popularity in the past few months. But is it a good option for you? Let's find out.

  • Buy Now Pay Later. Lots of takers, NPA maker? Aug 20, 2021 08:56 AM IST

    Buy Now Pay Later. Lots of takers, NPA maker?

    Currently, bad loans don’t seem to be a concern. This trend represents both an opportunity and threat for traditional lenders 

  • Why 'holiday now pay later' schemes may be loan traps Apr 07, 2021 09:05 AM IST

    Why 'holiday now pay later' schemes may be loan traps

    ‘Holiday now, pay later’ scheme introduced by SOTC-Thomas Cook may sound convenient. But, if you default to pay instalments your credit score will take a hit

  • ‘Buy Now, Pay Later’ is painful reminder of notorious NINJA mortgages Mar 14, 2021 09:18 AM IST

    ‘Buy Now, Pay Later’ is painful reminder of notorious NINJA mortgages

    The BNPL formula offers shoppers the option of paying for purchase through a series of fixed installments, instead of all at once. It works well for those who don’t have sufficient savings and don’t have the credit record to get a zero-interest credit card