Community

Frankly speaking BNPL is credit and it is well understood by a large proportion of customers at high level. Though not many understand the nuances, calculations and repurcussions of non payments. At the end of the day, BNPL is all about facilitating the transaction for retailer and consumer and is a fabulous value proposition for both. In medium term, lenders will figure out the pockets of customer segments and transactions to make money. I believe as long as customers have visibility and clarity in terms of interest, charges & penalties - may be regulator can standardise the presentation, it is a fabulous product and should be subjected to low touch regulation. Contineous supervision to avoid the draconian pricing similar to Payday loans will not be out of place.