FEBRUARYASIA BUSINESS OUTLOOK9HOW HAS BNPL TIPPED THE ACCESS TO CREDIT SCALE?IMPRESSIONSGetting access to money has always been a challenge to large sections of society, people who have nothing to show for their trust factor, would not be given loans. The evolution of the banking sector and various programs by governments have increased the rate at which people open up savings bank accounts, which allows them to avail benefits the bank offers, such as ATM facilities, various deposit schemes and many more, but even now only a few eligible individuals qualify for loan services. This changed when the buy now pay later model came into the picture, this model allows people to take loans in small amounts during emergencies which banks fail to offer.Ease of Access to Capital It is a universal statement that an average individual would hesitate to spend a huge portion of his money in one go,
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