BNPL(Fintech-Buy Now Pay later)with practical case studies
This comprehensive course is suitable for everyone around the world and would help to understand fintech better
Description
BNPL, or the Buy Now, Pay Later facility, has gained tremendous popularity over the last few years. It has become a convenient and affordable option to make transactions and reduce the financial burden on debtors. This Pay Later option is a small-ticket loan that permits offline and online purchases when making instant payments. It allows buyers to purchase products and pay the price during a stipulated time.
BNPL solutions were designed to allow shoppers to purchase their product and pay in a predetermined number of installments over time. These solutions are often offered to customers with little to no interest rates and hidden fees, meaning no additional cost to the customer.
Buy now, pay later services are typically presented as an option in the payment flow, alongside credit cards and other payment methods. When customers make a one-time purchase, they simply select a buy now, pay later provider in the payment form, and are redirected to the provider's site or app to create an account or log in. Customers choose whether to accept the terms of the repayment plan—typically selecting bi-weekly or monthly installments—and complete the purchase.
Once the purchase is complete, businesses receive the full payment up front (minus any fees). Customers pay their installments directly to the buy now, pay later provider, often with no interest and no additional fees when they pay on time.
If you fail to pay the amount within the given repayment tenure, then the lender will be liable to charge you interest on your amount. Further delay could impact your credit score severely.
What You Will Learn!
- BNPL
- fintech
- POS loans
- p2p lending
Who Should Attend!
- students and professionals