BNPL further emphasising its significance in the financial landscape .
“ This participation by major players underscores the widespread impact and acceptance of BNPL , setting its position as a transformative force in the way transactions and credit are approached .”
BNPL : Benefits and risks BNPL , of course , has its upsides for consumers and businesses alike .
Convenience , almost-instant approval and an easy-to-understand repayment structure are giving buyers increased choice and flexibility when it comes to spending their money , resulting in a feeling of heightened financial control .
This potential to attract a larger pool of customers is good news for merchants , says Puneet Chhahira , Head of Product Management and Marketing at Infosys Finacle .
“ BNPL has proven to be a catalyst for growth and profitability ,” he explains . “ It has facilitated rapid user expansion and increased transaction volumes , creating new revenue streams for BNPL providers , banks and their partnered merchants .
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