Buy Now Pay Later

Abstract

Buy Now, Pay Later system is a new and fast-growing payment method at which consumers have been using to replace the conventional online purchases with changing of their shopping experiences and financial behaviour’s. This simple idea of customer being permitted to shop right away and pay for their purchases in the future has created revenue streams for such products that are most fevered by younger consumers and online shoppers. In this introduction, we begin with a review of the ideas of BNPL, its development, major players in the economy, benefits, risks, and its impact on consumer behaviour and the economy