Fintechs’ lending businesses under stress; banks leverage Bharat BillpayWant this newsletter delivered to your inbox? Tell me more:Impact on the market:Also read |Banks leverage Bharat Billpay for loan, credit card repaymentsQuick numbers:Also read |What does this mean? And that’s impacting these fintechs’ ability to cater to their customers.Buy-now-pay-later (BNPL) is losing steam. But eventually the platform, which could generate a bill every month on a specific date, built multiple use cases. EMI payment is one such use case that’s becoming very popular now.During the pandemic, NBFCs started using Bharat Bill Payment Service (BBPS) to generate EMIs for their customers.

Source: Economic Times December 07, 2023 12:35 UTC