The dark side of Buy Now, Pay Later

BNPL promises you convenience, but if you’re not judicious, it will hurt your ability to borrow for more urgent needs.

21 June, 20225 min
0
Banner image

We rarely make our stories free to read. This one is, so make the most of it.

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

Sign up for free

No payment details required

$99 for one year

Subscribe to unlock all stories
Already have an account? Sign In

You may also like

Internet
Story image

Have Tabby and Tamara cracked the buy now, pay later code in the GCC?

Both Gulf firms are being celebrated as fintech trailblazers. Mostly because they found themselves in the right place at the right time.

Internet
Story image

How Bewakoof, once a trendsetter, fell out of favour with young people

Indian youngsters are experimenting with newer D2C brands like never before. Bewakoof’s early success and its 2022 acquisition by retail giant Aditya Birla Fashion should have given it the edge, but the company has been left behind.

Business
Story image

The surprising success that is Promeet Ghosh-led Crompton Greaves

Having an investment banker in charge has seen the consumer durables maker emerge the standout performer in its segment, giving the lie to naysayers.