Zip Pay and Zest Money

Meaning :

Example : 

For instance, buying a laptop using Zest

Money and paying for it in 3–6 instalments after the purchase is an example of using BNPL.                                  How to Understand Zero Balance Account

1.BNPL is like getting a short-term loan; you receive the product now and pay for it later.

2.It helps you buy things even if you don’t have enough money right away.

Importance of Zero Balance Account :

1.BNPL helps people buy products even when they don’t have enough money instantly.

2.It offers flexible payment options, making it easier to manage expenses.

3.It is useful for online shopping and urgent needs when immediate payment is difficult.

4.BNPL boosts financial accessibility for young shoppers who may not have credit cards