Buy Now Pay Later (BNPL) services have increased in popularity in recent years and are ready to become a popular mode of financing. Experts claim that demand for BNPL has been accelerating in India for the past three to four years. Further, COVID-19 has boosted its demand. BNPL has now established itself as a more comfortable payment option, reducing borrowers’ financial stress by providing no-cost EMIs.

Uni Cards, which recently secured $18.5 million in financing, has launched its Uni Pay 1/3rd card. The product aims to enhance the customer experience in the credit card business. Uni Pay 1/3rd card is not a credit card, even though it functions similarly to a conventional credit card on the surface.