A framework would be good for growth of BNPL segment, says Pine Labs president

a framework would be good for growth of bnpl segment says pine labs president

Sumary of A framework would be good for growth of BNPL segment, says Pine Labs president:

  • The growth in the Buy Now Pay Later segment of an average ticket size of Rs 10,000 and lower has boomed.
  • We have seen a 3x growth of customers going out there not only buying a consumer electronic product but also buying the favourite pair of sunglasses and paying using BNPL, says Kush Mehra, President, Pine Labs.
  • We have seen Pine Labs betting big on (buy now pay later) BNPL in recent times.
  • I would say the aspiration of the average Indian, the lure of spending and indulging is very high in our country and over the last few years, we have seen that the growth in the Buy Now Pay Later segment of an average ticket size of Rs 10,000 and lower has boomed.
  • We have seen a 3x growth of customers going out there not only buying a consumer electronic product but also buying the favourite pair of sunglasses and paying using Buy Now Pay Later.

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