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Banks are ‘weaponising’ buy now, pay later myths, according to SmartWayToPay. Here’s what you need to know. Marni Dixit Buy now, pay later (BNPL) products such as Afterpay or Zip Pay have increased in popularity in recent years, with the Covid-19 pandemic seeing customer growth increasing dramatically.  It’s unsurprising why this is the case given the fact millennials are now 37% less likely to own a credit card because they prefer the simpler repayment schedules of BNPL platforms.  Not to mention the fact most BNPL platforms cap their late fees, which are usually only a few dollars at a time, when credit card interest rates can be 20% per annum – this can result in thousands of dollars in interest debt. Then there are also annual fees to consider.

Peter grayDavid listonShayne elliottZip payபீட்டர் சாம்பல்டேவிட் பட்டியல்ஷெய்ன் எலியட்ஸிப் செலுத்த