Buy Now Pay Later – BNPL

Buy now pay later – or BNPL – is a method of making payments, especially for online purchases. It’s a type of short term financing: instead of paying the full amount when the purchase is made, it allows consumers to split up the purchase amount into smaller – usually interest free – installments, paid over time.

For complete details, check out What is Buy Now Pay Later or BNPL? A Simple Explanation for Kids & Beginners

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