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PrancingNugget
PrancingNugget
Stealth

Wtf is Buy now, pay later?

Why do almost all apps offer 'buy now, pay later' facilities these days? What if the majority of people don't pay later?

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26mo ago
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ZestyQuokka
ZestyQuokka
Hinge26mo

If you are opting Buy now, pay later for small things, you don't need it

GigglyNarwhal
GigglyNarwhal
Stealth26mo

Why do I read it Bi Now, Gay Later always?😭 /s

ZestyQuokka
ZestyQuokka
Hinge26mo

🤐

MagicalQuokka
MagicalQuokka
Stealth26mo

The world economy runs by increasing the amount of debt on the common people. This fad is the latest addition to the list.

QuirkyNugget
QuirkyNugget
Stealth26mo

It's not fad. It's growth.

GroovyBoba
GroovyBoba
X (formerly Twitter)26mo
  1. Buy everything now
  2. Leave country
  3. ???
  4. Never pay, so profit!

Subscribe to Uncle Elon for more Unethical tips.

PrancingNugget
PrancingNugget
Stealth26mo

Where is that subscribe button sir?

BouncyPenguin
BouncyPenguin
Stealth26mo

I get the same thought every time I get bombarded with “pre approved” loans from everywhere. Avail all the loan offers in a day or two and leave the country.

WobblyNoodle
WobblyNoodle
InMobi26mo

Indians today are not as loan averse as they used to be few decades back. Consumerism has settled into our culture and people don't mind taking debt for even small purchases.

In future things will only worsen but people who can manage their expenses need not worry about it.

FluffyNugget
FluffyNugget
Plivo26mo

It’s happening in US. Let’s see how it goes.

PrancingNugget
PrancingNugget
Stealth26mo

In india it is there on many apps like amazon, flipkart, Cred, Mobikwik, Ola money and many more..

FluffyNugget
FluffyNugget
Plivo26mo

Ya, debt will increase. Not sure how it ends or what/when something will break.

GigglyNarwhal
GigglyNarwhal
Stealth26mo

Born too soon to explore space always hits me hard. Will have as many babies as possible so that someone in my genetic line makes to space /s

BubblyBagel
BubblyBagel
Flipkart26mo

Welcome to ZestMoney. Oh wait, come later. Everyone who was here has been kicked out.

QuirkyNugget
QuirkyNugget
Stealth26mo

It's called defaulting on the loan. If enough people do not pay the loans then the revenue generated minus the cost of funds of defaulters is the gross margin. If it's too many defaulters then the profits are negative and can lead to a severe downfall of the company. Most of these fintechs are masters of rotating money though.

BubblyBagel
BubblyBagel
Flipkart26mo

What’s the difference between BNPL and Credit cards ? Aren’t both just loans you pay later ? Why this fancy new term when everyone understood Credit ?

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