BNPL

As 2025 ends, it's vital to debunk personal finance myths, especially regarding credit. Misconceptions include beliefs that BNPL doesn't affect credit scores, high income ensures good scores, and closing old cards is beneficial.

Net profit was at ₹21 crore, weighed down by a one-time ₹190 crore impairment on a loan to its gaming joint venture, First Games Technology Pvt. Ltd. Excluding the charge, underlying PAT was ₹211 crore.

Urbanisation and digitisation are reshaping India's consumption landscape, enhancing access to credit through innovations like UPI and BNPL.

BNPL offers a convenient, interest-free purchasing option but poses potential risks to credit health as providers start reporting to credit bureaus.

Buy Now, Pay Later (BNPL) services are popular for convenience in purchases but can impact credit scores. On-time payments enhance credit history, while late payments harm it. Understanding BNPL terms and monitoring payments is crucial for responsible use and maintaining a positive credit profile.

BNPL services offer an appealing alternative to credit cards with interest-free payments, but they come with risks like overspending and debt. Proper usage can aid cash flow management, while misuse may harm financial stability and credit scores.

Buy Now, Pay Later Scheme, and Credit cards are two financial options with a very similar approach. However, let’s find out how they differ and which is more cost-effective.

Because there's no centralized reporting of buy now, pay later purchases, those debts won't necessarily appear on your credit profile with major credit rating agencies.

By looking at the spending habits of youngsters and covid-19 lead adverse financial conditions, FinTech players and banks have come up with various credit solutions. Credit cards are already rolling in the market, and FinTech players are launching attractive BNPL offers for youngsters. Let’s understand which one is best for you.