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VOL. 6, ISSUE 2 (2024)
Unveiling the dynamics of buy now, pay later (Bnpl) services: Insights from Bilaspur, Chhattisgarh
Authors
Subhash Chawla, Somu Jaiswal, Abhishek Sandilya, Sandhya Sahu, Ch Adarsh
Abstract
The global digital revolution has ushered in a myriad of opportunities
for individuals, particularly in the realm of digital payment and settlement
systems. A pronounced shift towards a credit-centric economy aligns with the
trajectory towards a cashless society. This transition has not only transformed
retail customer behavior and financial markets but has also spurred the
emergence of FinTech-driven solutions across various sectors, including
banking, e-commerce, and online travel aggregation. Among these innovations,
Buy Now Pay Later (BNPL) services have garnered increasing popularity,
challenging traditional credit card usage. This study aims to comprehensively
understand consumers' preference for BNPL services over alternative credit
options. While BNPL offerings have gained substantial traction, particularly in
bilaspur, they face regulatory scrutiny due to concerns regarding consumer debt
and financial stability. This paper examines the current landscape of the BNPL
industry in bilaspur, highlighting its benefits and drawbacks, alongside
regulatory considerations and potential implications for consumers and the
financial sector.
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Pages:1-7
How to cite this article:
Subhash Chawla, Somu Jaiswal, Abhishek Sandilya, Sandhya Sahu, Ch Adarsh "Unveiling the dynamics of buy now, pay later (Bnpl) services: Insights from Bilaspur, Chhattisgarh". International Journal of Finance and Commerce, Vol 6, Issue 2, 2024, Pages 1-7
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