'Buy now, pay later' platforms in India has witnessed a huge growth this year. While spends on travel, hospitality and travel tickets saw a decline, consumers used 'buy now, pay later' platforms for food deliveries, utilities and groceries during 2020. LazyPay, one of the most popular 'pay later' platforms, received remarkable response from customers in 2020. LazyPay disbursed credit worth more than more than ₹100 crore every month , Anup Agrawal, business head said. LazyPay plans to reach 50 lakh customers within next year and achieve run-rate of ₹400 crore disbursal a month, Agrawal mentioned.

Source: Mint December 25, 2020 12:33 UTC