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Policybazaar is India's largest insurance comparison platform. You can simply compare and buy from the widest range of insurance and investment products on the Policybazaar without any agent or paying any commission.
* Not a financial advice
Buy now pay later(BNPL) presents a promising opportunity for Indian consumers to acquire essential items or desired products without immediate financial strain. That is why BNPL became a quick success in India. Only less than 10% of the Indian population are using credit cards. So a waste majority of middle-class people got credit access through BNPL companies. So right now the BNPL companies are eliminating the gap between a common man's aspiration and affordability.
However, it is crucial to remain cautious as this seemingly convenient option comes with a significant trap. Is BNPL the biggest scam in India? Is BNPL leading Indian customers to a hidden trap? Yes, there is a big trap which we haven't seen. BNPL is leading us towards that trap and if we failed to identify that now, we won't be able to escape from it later.
By watching this video, you can discover the biggest trap associated with buy now pay later (BNPL) and gain insights into practical strategies for escaping its grasp. Escape the BNPL Trap.
00:00 Intro
01:07 How it works
03:40 BNPL Advantages
06:36 BNPL Problems
08:17 Real Beneficiary
13:14 The Reality
19:20 Escape Plan
© Pishukkan Episode 96
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23 июл 2024
