Updated 31st March 2024
Today, we live in a fast-paced world where dreams often outpace our wallets. Unexpected needs or financial emergencies can strike anyone, potentially leading to a precarious cash crunch. It is at such times that Buy Now Pay Later (BNPL) apps, some of them forged by pioneering Indian fintech firms, stand as beacons of hope. Beyond mere convenience, these handy apps for payment in India breathe life into dreams, shield against missed opportunities, and extend affordable credit to eligible borrowers with flexible interest rates and credit limits, rewarding those with strong credit scores. Recognising the importance of effective financial management, Top 10s Only has curated this guide that lists the Top 10 Best Buy Now Pay Later (BNPL) Apps In 2024, aimed at empowering individuals in navigating the world of accessible and affordable credit solutions.
Which Are India’s Top 10 Best Buy Now Pay Later Or BNPL Apps In 2024?
Are you wondering which is the best Indian BNPL app, made exclusively for Indian consumers? You will be surprised to know that there are several pay later platforms operating in India right now that understand the profound role of financial freedom in the lives of every Indian. Imbibing the spirit of AtmaNirbhar Bharat, the BNPL platforms render services keeping in mind the financial environment in India. Let’s take a look at the top 10 shop now and pay later apps in India that are slowly revolutionizing the Indian economy with their innovative approaches to financial empowerment.
List Of Top 10 Pay Later Apps In India For 2024
A familiar scenario: There is a discount on a product you have been looking to buy for many days but it is month-end and cash is limited. You wish to make your purchase now and settle the payment later. Well, your wish is answered as there are Buy Now Pay Later (BPNL) apps in India where you can buy products and pay for them later. They are convenient and easy to use too. So, using the BNPL facility, you can shop for groceries and clothes, even have Golgappas, pay bills, and do more, even when your pockets are empty! However, with so many platforms offering the BNPL service, how can we know which is the best? Fret not! Here are the top 10 best buy now pay later apps in India right now.
1. Paytm Postpaid
Paytm Postpaid
Paytm is one of India’s most famous UPI payment services. It started with a simple digital wallet a few years ago and has now extended its services to offer wealth management services in the form of Paytm Money, as well as small credit to its customers with its Paytm Postpaid platform, one of the best scan and pay later apps in India right now. It is one of the most trustworthy Indian fintechs with convenient buy now pay later apps in India where users can obtain a credit of up to Rs 60,000 at 0% interest rate for 30 days. Users can pay bills, make purchases, bookings, etc. It can also be used in over 1.5 crore outlets and websites and repaid later.
Founder And History
Paytm was started in 2010 by the trio of Vijay Shekar Suman, Vijay Shekar and Akshay Khanna. It all started with the parent company of Paytm One97 which was the brainchild of Vijay Shekar. Initially, it was into providing mobile content like cricket scores, news, ringtones, etc. In 2010, the company started a mobile wallet called Paytm that was accessible through the web portal or a smartphone. It built on from there to offer many financial services including BNPL.
Headquarters
The company is headquartered in Noida, Uttar Pradesh
Why Opt For Paytm Postpaid?
Here are some of the advantages of using this BNPL:
- Credit of upto Rs 60,000 at a shot
- 0% interest rates for 30 days
- Accepted everywhere
- Pay in Full or EMI
- Completely digital
- No activation fee
Website
https://paytm.com/loans-credit-cards/paytm-postpaid/
Online Presence
https://www.instagram.com/paytm
https://www.facebook.com/Paytm/
Apps Where Paytm Postpaid Can Be Used
- Pharmeasy
- Dominos
- Croma
- Shoppers Stop
- Uber
App Links For Paytm Postpaid
2. Simpl
Simpl
Simpl is the best pay later app that makes online shopping on credit easy and hassle-free without the need for passwords of OTPs. It is a popular Indian payment app with the buy now pay later feature that provides a spending limit where you can make online payments quickly and securely. The credit limit is based on repayment, spending habits, history with merchants, etc. and you can shop for whatever you want now and pay later. It is one of the smoothest BNPL Apps where there is no need to share bank details online and reduce cyber theft risks. It also provides notifications on upcoming payments and tracks purchases. It offers a one-click experience and ease-of-use is the main focus of its BNPL services.
Founder And History
The company was founded in 2015 by Chaitra Chidanand and Nityananda Sharma. The company was founded when Chaitra who returned from the US was denied a credit card as she had no permanent address and had not paid taxes in India. The same was the case for Nityananda. They both decided to solve the problem with the help of technology. They understood the relationship of Khata between customers and merchants and also the challenges of getting a credit card. In 2016, they started an online payment app that provides credit wallets for users to buy now and pay later.
Location
Simpl has its headquarters in the city of Bengaluru in Karnataka.
Why Opt For Simpl Postpaid?
The advantages of using this app are
- One-tap purchase
- Pay-in-3. Firstpart is paid at checkout and the other two in the next two months.
- Get fast refunds
- Hassle-free repayments
- Best app for all types of recharges like mobile, water, electricity, etc
- Less KYC
- Seamless merchant integration
Website
Online Presence
https://www.facebook.com/getsimpl/
https://www.instagram.com/getsimpl/
Apps Where Simpl Can Be Used
- Zomato
- Bigbasket
- Blinkit
- MakeMyTrip
- Goibibo
- Dunzo
App Links For Simpl
3. Amazon Pay Later
Amazon Pay Later
Amazon Pay Later is by far one of the top buy now pay later apps in India in 2024. You can avail the Amazon Pay Later payment option for purchases made on the Amazon website by converting your bill amount into easy EMIs ranging from 3 to 12 months. To be eligible for this BNPL scheme, you need to be over the age of 21, have a bank account at one of the specified banks, have a valid PAN card and have a valid proof of address. Your credit history is also taken into account while determining your eligibility. You can use this handy BNPL app to buy any of Amazon’s bestselling products!
Founder And History
Amazon launched its services in India over a decade ago, on June 13, 2023. Amazon Pay Unified Payments Interface (UPI) was launched in February 2019, and it became one of the portal’s most popular features. On 29 April 2020, Amazon Pay launched its Amazon Pay Later feature that offered a virtual line of credit, enabling customers to pay for purchases as well as their bills.
Why Opt For Amazon Pay Later?
The advantages of using Amazon Pay Later are:
- No pre-closure charges
- No need for credit card details
- No processing or cancellation fee
- Easy checkout on Amazon.in
Website
Online Presence
https://www.facebook.com/AmazonIN/
Popular Apps Where Freecharge Pay Later Can Be Used
- Restricted to Amazon.in
App Links For Amazon Pay Later
4. Ola Money Postpaid
Ola Money Postpaid
If you are looking for a good use now pay later apps in India this year, we recommend trying out Ola Money Postpaid. Ola is one of the largest Indian cab aggregation services and is also one of the most popular ride-hailing companies in the world. Apart from the ride services, it offers a versatile and convenient e-wallet called Ola Money. It offers a user-friendly interface and seamless access to a variety of online services. It provides a unique postpaid option that allows for payments for online purchases as well as Ola rides. It is one of the Top 10 best Buy Now Pay Later apps for Indian consumers with an easy and fast digital credit system with no extra costs and makes for hassle-free payments.
Founder And History
Bhavish Aggarwal and Ankit Bhati are the founders of Ola Money. It was launched in 2015 and was a step towards simplifying payments to users across a variety of services and products of everyday use. The company Ola was started when Bhavish had a horrible cab experience on his way to a forest area called Bandipur near Bangalore. He realised the need for a reliable cab service and thus started Ola Cabs. Later he diversified into many services including Ola Money Postpaid and it is now among the 10 best Indian buy-now pay-later (BNPL) apps in India.
Headquarters
Ola Money Postpaid is an Indian fintech company headquartered in Bengaluru, Karnataka.
Why Opt For Ola Money Postpaid?
The advantages of using this app are:
- One-tap payment
- Pay everywhere including cabs
- Payment consolidation
- No hidden charges
- Flexible payment
- Offers and discounts
- Interest free credit
Website
https://www.olamoney.com/olamoney-postpaid/index.html
Online Presence
https://www.facebook.com/OlaMoneyOfficial/
https://twitter.com/olamoney_in?lang=en
Popular Apps Where Ola Money Prepaid Can Be Used
- Bookmyshow
- Oyo
- Redbus
- Licious
- Cleartrip
- Freshmenu
App Links For Ola Money Postpaid
5. Flipkart Pay Later
Flipkart Pay Later
Indian e-commerce giant Flipkart has come up with a credit-based payment solution called Flipkart Pay Later. It has an easy-to-use Buy Now Pay Later feature that has made it one of the top 10 shop now and pay later apps for convenient shopping in India where you no longer have to wait for OTPs from banks or go for COD opinions. It provides a one-step checkout with Flipkart Pay Later where users can make online purchases and pay them later. You can also pay your utility bills using this option. It is a great choice if you want to make purchases without having the needed funds. You can pay zero or a partial amount and pay the remaining later.
Founder And History
Flipkart was founded in 2007 by Sachin and Binny Bansal, former employees of Amazon. The company was started with a focus on online book sales. It made many acquisitions in various streams and soon became a leading online digital platform for all MSMEs and Kirana stores. To strengthen its presence, it has now started leveraging fintech and started a credit system called Flipkart Pay Later, one of the top UPI pay later apps in India. It is among the list of top 10 Indian BNPL services reviewed by experts and customers alike because of the popularity of Flipkart as an e-commerce giant.
Headquarters
Flipkart Pay Later is a fintech company headquartered in Bengaluru, Karnataka.
Why Opt For Flipkart Pay Later?
The advantages of using this app are
- Upto Rs 1 lakh instant credit
- Pay next month or in EMIs
- Pay utility bills
- One-tap checkout
- Flexible payment
Website
https://www.flipkart.com/flipkart-pay-later-store
Online Presence
https://www.instagram.com/p/Ch_ryMYPj8d/
https://www.facebook.com/flipkart?locale=hi_IN
Popular Apps Where Flipkart Pay Later Can be Used
- Flipkart
- Myntra
App Links For Flipkart Pay Later
6. Freo Pay
Freo Pay is one of the Buy Now Pay Later Apps that change the way you shop. This is one of the best pay later apps in India as it offers a convenient scan now and pay later feature that allows you to pay by scanning QR codes. It is one of the fastest digital payment apps where you can pay for offline or online merchants that pay through QR code scans. Freo Pay is among the top 10 safe and easy BNPL apps for online shopping in India and is a convenient way to pay for things without having money deducted instantly from a bank account. It offers freedom and control over your financial needs and there is no paperwork to deal with unlike credit cards.
Founder And History
Anuj Kacker is the founder of Freo Pay. The parent company of Freo started its operations in 2016 with the launch of MoneyTap. The focus was to make credit convenient, affordable, and flexible. Since its launch, it has scaled to become one of India’s most successful Fintech companies and as part of the expansion plan, it provides access to many financial products including the QR Code-based purchases.
Headquarters
Freo Pay is an Indian fintech company headquartered in Bengaluru, Karnataka.
Why Opt For Freo Pay?
The advantages of using this app are:
- Scan and shop anywhere
- Access to quick money
- No hidden fees
- Digital KYC
- 0% interest for 30 days
Website
Online Presence
https://www.instagram.com/freopay/
https://www.facebook.com/freopayapp
Popular Apps Where Freo Pay Can Be Used
- MakeMyTrip
- Yatra
App Links For Freo Pay
7. Snapmint
Snapmint
If you don’t have a credit card but want to shop with EMIs then, Snapmint BNPL is a good choice for such users. It offers credit on your UPI or debit card and you can pay later on EMIs. Shoppers look for freedom of choice and Snapmint offers it by removing credit card dependency and the hassles of paperwork. So shopping is a great experience for its users and they can also avail EMIs along with instant approval of credit. You can also purchase many products on the app, and can also be used on e-commerce sites like Flipkart, Amazon, etc. It is also one of the most downloaded buy now pay later apps in Google PlayStore and App Store and is proof of its popularity among users.
Founder And History
Anil Gelra is the founder of Snapmint which was launched in 2017. The company was founded with the vision of democratizing financial services using technology so that it could reduce the cost of service. The founders wanted to build a brand that customers trusted and loved. While most companies made money using hidden charges, Snapmint wanted transparency as the key.
Headquarters
It is a fintech company headquartered in Mumbai, Maharashtra.
Why Opt For Snapmint?
The advantages of using this app are
- Shop without a credit card in instalments
- No cost EMI and 0 downpayment
- No preclosure fee
- Affordable payment terms
- Digital KYC
- Choose from a variety of products and brands
- Shop online or offline
Website
Online Presence
https://www.facebook.com/SnapmintCardlessEmi
https://www.instagram.com/snapmintcardlessemis/
Popular Apps Where Snapmint Can Be Used
- Amazon
- Flipkart
- Shoppers Stop
- Myntra
App Links For Snapmint
8. Postpe
Postpe
If you’re looking for a good and easy-to-use shop now pay later app in India, check out Postpe. This BNPL app is one of the popular fintech apps in 2024 and gives users a credit limit to make purchases now and pay later. Posptpe is among the top 10 best financial apps for Indian shoppers in Google PlayStore and App Store, with millions of downloads. It is a simple but novel payment method where you can pay for anything from groceries to buying smartphones. It gives you not only financial freedom but also comes with many features, like a monthly expense tracker to manage money better. To make purchases easy, they offer a credit line that can be used anywhere and anytime through a QR code scan or using the Postpe Card.
Founder And History
Ashneer Grover, Bhavik Koladiya, Co-Founder, and Shashvat Nakrani are the founders of this company. The parent company BharatPe is one of the best fintech companies in India and came up with their BNPL app called Postpe. It was made with three principles, One is the customers should be able to pay with credit everywhere including online, Card machines or QR; the credit line should be converted to easy EMIs; the merchant should not be charged money for BNPL payments. The founders believed that the BNPLs in the market were a copy of the West and did not suit the Indian market. Postpe is the first app with universal acceptance and does not cost merchants.
Headquarters
Postpe is an Indian fintech company headquartered in New Delhi, India.
Why Opt For Postpe?
The advantages of using this app are
- Get up to 3 lakhs instantly
- Easy instalments
- Pay utility and credit card bills
- Pay online, scan QR code, or at POS machines in stores
- Hassle-free transactions
- Personalized dashboard
Website
Online Presence
https://www.facebook.com/postpeapp
https://www.instagram.com/postpeapp/
App Links For Postpe
9. Shopse
Shopse is one of the Top 10 buy now pay later apps for credit shopping in India that empowers Indians to fulfil their dreams by simplifying credit for them. The app offers instant EMIs on the purchases they make online or offline and allows spontaneous shopping even without having the requisite money. There is no documentation or paperwork needed to get the credit line, just scan the QR code at a store, choose the tenure of EMI and you can enjoy shopping stress-free.
Founder And History
Shopse was founded by Pallav Jain, Yangnesh Desai and Abhishek Nimonkar in 2020. The founders thought that Indians lacked affordability and people hesitated to make purchases as they could not afford it. So to empower them so that every Indian can have their dream life, the founders launched a digital platform that helps every Indian buy their favourite products on credit and pay flexibly with EMIs.
Headquarters
Shopse is a fintech company headquartered in Mumbai, Maharashtra.
Why Opt For Shopse?
The advantages of using this app are:
- Shop with no-cost EMIs
- Get instant credit approval
- Flexible EMI tenure
- Discover loan eligibility instantly
- Quick loan disbursement
- Hassle-free and automated repayments
- Secure and safe app
- Exclusive benefits through cashback, brand offers, discounts, and more.
Website
Online Presence
https://www.facebook.com/getshopse
https://www.instagram.com/getshopse/
Popular Brands Where Shopse Can Be Used
- Voltas
- Whirlpool
- VLCC
- Bosch
- Oppo
- Daikin
App Links For Shopse
10. Lazypay
It is an online platform that gives its customers an easy and quick way to obtain credit and pay later. It is the most highest-rated BNPL apps in India that enables shoppers to pay the full amount later with repayment options that are flexible making it easy and convenient. It is the fastest way to obtain credit and the limit gets approved instantly with minimum hassle. This shop-now-pay-later app is a one-tap solution and you can settle the credit within 15 days or repay with affordable instalments at no cost EMI. Using the digital credit, you can scan a QR code or use UPI payment to make purchases. It also provides instant loans which can be repaid with convenient EMIs.
Founder And History
Jitendra Gupta is the founder of LazyPay which was founded in 2017.
Headquarters
It is a fintech company headquartered in Gurgaon, Haryana.
Why Opt For LazyPay?
The advantages of using this app are
- Get instant credit approval
- One-click checkout
- Flexible EMI tenure
- Many shopping choices
- Fast cash disbursement
- Hassle-free and automated repayments
- Interest-free for 15 or 30 days
Website
Online Presence
https://instagram.com/lazypay?igshid=MzRlODBiNWFlZA==
Popular Apps Where Lazypay Can Be Used
- Bookmyshow
- Flipkart
- Oyo
- Ixigo
- Swiggy
- Dunzo
App Links For LazyPay
Enjoy Financial Flexibility With BNPL Apps By Indian Fintech Companies
When you need money, many people opt for a loan. But it comes with many strings attached along with high interest rates. That is where buy now pay later apps score. It is a great short-term loan without having to make any payments for a given period. Plus there are flexible payment options and affordable interest states and there is no worry about a long-term burden. If you wish to choose this option, consider the above-recommended Indian apps with easy payment options with BNPL in India. Mail us at [email protected] if there are other noteworthy BNPL apps that have entered the Indian market space and deserve a spot on our list!
Indian fintech companies are paving the way for economic stability and prosperity for countless consumers in India. Take a look at our list of top 10 Indian fintech companies that offer personal finance management services that can revolutionize the way you manage your finances and secure your financial future.
Frequently Asked Questions About Buy Now Pay Later Apps In India
1. Are Buy Now Pay Later services available in India? Which apps offer this service?
Yes. Buy Now Pay Later Services available in India. There are many apps that offer these, some of them are Postpe, Paytm Postpaid, LazyPay, Ola Money Postpaid, etc
2. What is the best site for buy now, pay later services?
Some of the top 10 best sites for Buy Now Pay Later are Paytm, Lazypay, Amazon Pay Later, and so on.
3. Has LazyPay been banned?
The ban on LazyPay has been lifted, and it is still available for customers in India.
4. What are the best BNPL platforms in India?
Ola Money, Paytm Postpaid, Flipkart, Freo Pay, Snapmint, Postpe, and Shopse are some of the best BNPL platforms in India.
5. Are Pay Later apps safe?
Yes. All buy now pay later apps listed here are safe and offer fraud protection and good security practices. You can even pay school and college fees on some of these portals thus making it the best pay later apps for students. To find more useful payment apps for youngsters, check out our article that lists the top 10 money management apps for young adults and kids in 2024.
6. Does BNPL affect CIBIL score?
BPNL does not negatively affect CIBIL scores if you make payments on time.