The Buy Now, Pay Later Trap: Why Young Indians Are Quietly Drowning in Small Debts
Check your phone right now. Open your notifications from the last month. There's a decent chance you'll find at least one of these: "Your Simpl bill of ₹1,240 is due in 3 days." "LazyPay payment of ₹890 pending." "Your Amazon Pay Later balance: ₹2,150." None of these numbers look scary on their own. That's exactly the point. Nobody sits down and decides to take out five small loans in a month. What actually happens is smaller than that and much harder to notice. A pair of shoes you didn't strictly need, split into four payments. A phone case, "pay later, zero interest." A dinner order that felt easier to defer than to think about right now. Each one, on its own, seems too small to matter. Add them up across three or four apps, and a lot of young Indians are quietly carrying more debt on ₹300 purchases than they'd ever knowingly take on for something big. 📌 Key Takeaways ✅ India's BNPL market is expecte...