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Insights for the Food and Grocery Industry

“Buy now, pay later” transaction trends in APAC

The e-commerce market in India is growing rapidly. Due to the low credit card penetration in India, the “Buy now, pay later” transaction method is increasing. Several payment firms are introducing BNPL for products and services purchased online. For payments made on time, consumers won’t have to pay charges, unlike other credit cards and loans. Australia also has BNPL as a common payment method with 5.8 million accounts.

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