Aniket Kalra, 25, and Himanshu Kumar, 23, allegedly placed orders for grocery items through the hacked accounts and later sold the items at lower prices | Latest News India
Two men were arrested for allegedly duping people by hacking food and grocery delivery app Swiggy account, a Delhi Police official said on Monday.The accused were identified as Aniket Kalra (25), and Himanshu Kumar (23), both residents of .
How The Pandemic Fueled The Rise of Buy Now Pay Later
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As the Indian consumer market shifted to online platforms to buy their goods during the last year, Buy-Now-Pay-Later (BNPL) or embedded finance options have become commonplace on most e-commerce platforms. These credit-payment options offer consumers a short loan for a specific purpose.
BNPL credit products or their technical embedded finance essentially offers customers a small loan instantly in certain stores or on e-commerce websites. The reason why it’s called embedded is because the financial component (BNPL) is within a larger product (say an e-commerce platform).
For instance, a student looking to buy a laptop on Amazon or Flipkart, can quickly apply for a loan to pay the Rs 30,000 bill. Within a few minutes, any of the BNPL and e-commerce partner lenders can check your credit score and offer you an instant credit line to pay for the product. All e-commerce apps from the stores to cab aggregators and food