Top 4 Buy Now, Pay Later Apps in India | 2022

Pay Later Apps

Buy Now, Pay Later is the new buzzword everyone is talking about. Simply put, Buy Now Pay Later services are like a credit card that offer you loans but comes with additional convenience. It is more secure than a credit card as you do not need to store your card details anywhere. You can also pay with a single tap without entering CVV or waiting for your OTP.

You can use Shop Now, Pay Later services to pay small bills like electricity, DTH, phone recharge, etc. You can also use it to pay for services offline services such as buying groceries at a shop, ordering food or shopping.

India today is seeing a boost of Buy Now, Pay Later apps and to help you decide which is the right one for you, we have rounded the top 4 Buy Now, Pay Later apps in India

  1. Freecharge Pay Later

Freecharge Pay Later is a Buy Now Pay Later product of Freecharge that can be used across merchants, both online and offline. With Freecharge Pay Later, you get interest-free monthly credit of up to ₹10,000 every month and you can instantly pay for small expenses like groceries, mobile recharge, bill payments, etc. with just one tap across 25,000+ merchants. So, you no longer have to struggle with PINs/OTPs. It’s fast and super convenient.

Freecharge Pay Later also helps you keep a track of your expenses as you only have to pay a single consolidated bill for all your expenses throughout the month. Also, you get exclusive merchant deals and offers which help you save some extra bucks every time you pay.

  1. LazyPay

LazyPay offers BNPL services across 250+ merchants- both online and offline. They offer a 15-day repayment cycle that is due on the 3rd and 18th of each month. LazyPay offers an easy to use application that is available on both iOS and Android platforms.

To use LazyPay, you will need to get a KYC done which can be done in a few simple steps. The more you use your Lazypay limit, the better the chances of your limit improving.

  1. Simpl

Simpl is another popular Buy Now, Pay Later provider in India. You can link your Simpl account to various merchants to pay using it. The more you use Simpl, the better the chances of your spending limit improving.

Moreover, you need to pay your Simpl credit every 15 days which can further help you keep track of your monthly expenses and budget. With Simpl, you can shop across 10,000+ merchants simply and earn exciting offers and cashback. 

  1. ZIP by Mobikwik

ZIP by Mobikwik is an extended service that you can apply for, right on the Mobikwik app. It requires minimal paperwork that can be done digitally on the application.

You can use the credit balance to pay for DTH, utility bills, prepaid recharge, postpaid mobile bill payment, etc.

There are two repayment cycles for your credit on ZIP. The bill of your spendings between 1st to 15th is generated on the 16th and needs to be cleared by the 20th of each month. The next bill is generated on the 1st of the next month for your spending between the 15th to the 30th or 31st of the previous month. This needs to be paid by the 5th of next month.

Wrapping Up

Every Buy Now, Pay Later app has its unique features and it is for you to determine the one that fits your need the best.

Now that you know about the top 4 Buy Now, Pay Later apps in India, tell us which is your favourite or which one do you think is right for you?

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