Wtf is Buy now, pay later?
Why do almost all apps offer 'buy now, pay later' facilities these days? What if the majority of people don't pay later?
BiryaniEnthu
Stealth
a year ago
If you are opting Buy now, pay later for small things, you don't need it
BiryaniEnthu
Stealth
a year ago
š¤
The world economy runs by increasing the amount of debt on the common people. This fad is the latest addition to the list.
SabChangaSi
Stealth
a year ago
It's not fad. It's growth.
1. Buy everything now
2. Leave country
3. ???
4. Never pay, so profit!
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President_Trump
Stealth
a year ago
Where is that subscribe button sir?
Enumerator
Stealth
a year ago
I get the same thought every time I get bombarded with āpre approvedā loans from everywhere. Avail all the loan offers in a day or two and leave the country.
Indians today are not as loan averse as they used to be few decades back. Consumerism has settled into our culture and people don't mind taking debt for even small purchases.
In future things will only worsen but people who can manage their expenses need not worry about it.
Born too soon to explore space always hits me hard. Will have as many babies as possible so that someone in my genetic line makes to space /s
Welcome to ZestMoney. Oh wait, come later. Everyone who was here has been kicked out.
President_Trump
Stealth
a year ago
In india it is there on many apps like amazon, flipkart, Cred, Mobikwik, Ola money and many more..
Ya, debt will increase. Not sure how it ends or what/when something will break.
SabChangaSi
Stealth
a year ago
It's called defaulting on the loan. If enough people do not pay the loans then the revenue generated minus the cost of funds of defaulters is the gross margin. If it's too many defaulters then the profits are negative and can lead to a severe downfall of the company. Most of these fintechs are masters of rotating money though.
Whatās the difference between BNPL and Credit cards ? Arenāt both just loans you pay later ? Why this fancy new term when everyone understood Credit ?
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