Using Buying Now, Pay Later (BNPL) for Diwali, Dussehra, and Dhanteras online shopping? Are you aware of these 5 risks?

BNPL services allow consumers to purchase items online and pay for them in installments, making it an attractive option for festive shopping like Diwali, Dussehra, and Dhanteras. However, it comes with risks such as overspending, late payment charges, potential damage to credit scores, and accumulation of debt. It's crucial for consumers to understand these risks before using BNPL services.