As More People Opt For 'Buy Now, Pay Later' Schemes, Are Credit Cards On The Way Out?

Buy now, pay later (BNPL) is fast emerging as the popular and preferred payment option among Indians, especially after the onset of the novel coronavirus pandemic. Experts say that BNPL, which currently holds a 3 per cent share, is expected to be the fastest-growing online payment method by 2024 when it's set to achieve a 9 per cent share in the Indian market. While the benefits, compared to the traditional credit cards, are many, th...