Young Indians' online purchases pay off for credit card companiesCredit card transactions jumped 30% to ₹1.7 lakh crore in January, with ecommerce and bill payments driving the surge. The younger generati...
Credit card spends jump 30 per cent in JanuaryReserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a ye...
Worldpay to focus on large cross-border payments in IndiaIn 2019, UK-based Worldpay was acquired by FIS of the US at an enterprise value of $45 billion. FIS is reportedly now looking to spin World...
Gone with the loan: Indian ‘travel-philes' bank big on 'travel now, pay later'Be it a foreign or a domestic destination, leisure or adventurous getaways, TNPL options available with leading travel agencies, including ...
Tonic water brand Malaki’s parent launches mobile app platform BeverageCartBeverageCart is a first of its kind platform in India that will address last mile delivery for retailers and hotels, restaurants and catere...
Payment solutions provider Innoviti raises $9.6 million funding led by FMOIn January, Innoviti raised Rs 80 crore in a mix of equity and debt from Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners,...
5 things to know about buy now, pay later schemesOn failure to pay within the time frame, interest will be charged on the amount and could impact one’s credit score.
From BNPL schemes, gold hallmarking to new auto debit mandate: 11 personal finance changes, trends seen in 2021Here is a look at major trends and changes that impacted our personal finances in 2021.
Amazon vs Flipkart vs Paytm vs Freecharge vs Lazypay: Check penalty charges for Buy Now, Pay Later schemesAlthough these BNPL schemes do not have processing fees, they do charge a penalty amount for defaults or missing repayments.
SBI credit card to charge a fee of Rs 99 + tax on all EMI purchases from Dec 1This processing fee is over and above the interest amount the card provider charges. Sometimes merchants give discounts on such transaction...
Watch out for these costs in Buy Now, Pay Later schemesBNPL schemes do look attractive, however, one needs to do some number crunching to arrive at the 'real cost' of such BNPL offers - in most ...
Kissht in talks to raise fresh funds, China’s Fosun to offload stakeKissht is looking to raise $50-$75 million in a primary funding round at a valuation of $380-$420 million. The fundraising will likely incl...
Buy Now, Pay Later or credit card: Which is better for you?While credit cards typically come with an interest-free credit period of up to 45 days, under BNPL the interest-free credit period is for m...
Using Buy Now, Pay Later scheme for your purchase? This is what will happen if you default on paymentMost of these borrowers are either young consumers or people who do not have any formal credit line like credit cards or EMI cards for maki...
5 things to know about buy now, pay later schemesThe ability to defer payment without any interest and dice it into smaller pieces sounds very appealing, making the BNPL payment scheme the...
SOLV launches 'Buy Now, Pay Later' for MSME sectorBNPL is helping SOLV further reinforce trust on the platform as it meets the needs of both parties – sellers who want to be paid upfront an...
Eyeing those jeans? ‘Buy Now, Pay Later’ in instalmentsWhen people did not want to part with cash, the ‘Buy Now, Pay Later’ model found its moment of glory among a host of consumers.