BNPL India Deep Dive

BNPL – Buy Now Pay Later has come out as one of the most disruptive phenomenon in this decade starting from 2020. It is being described as a phenomenon with its impact already widely visible & likely to intensify in the coming years further, with top line revenue (GMV) to notch up to USD 3 trillion* from a current estimated base of USD 226 billion in year 2021.

What is BNPL?

BNPL in its narrowest sense is a payment method like so many established one, such as Visa, MasterCard, Amex, PayPal, NPCI’s Rupay or UnionPay, NETS or UPI like rails, so many payment choice options at checkout points, both in store or online. But unlike the brands as above it is variously mentioned at check-out point

BNPL India Deep Dive Approach Paper
BNPL India Deep Dive Approach Paper

as EMI or pay later or some other forms which signifies that by using that particular payment option the buyer is looking to spread over its purchase in installments, of various types, by various BNPL providers.


BNPL India Deep Dive Consultation Paper
BNPL India Deep Dive Consultation Paper

BNPL – A Unique Short-term Financing Payment Model
What’s so Unique and Disruptive about BNPL became clearer during the pandemic surge in 2020 & throughout 2021, this moderately used payment method suddenly saw huge uptake , first in Australia, then sweeping the US and Europe in a grandiose scale and intensity that have not been seen during the last 6 -7 decades since the advent of the Credit Card in the US in late 50s and 60s. From the charts & statistics below it is evident that in the last two years alone in Australia, the US, UK & other European cities the customers have lined up and adopted BNPL options increasingly and in some segments more than 50-60 % of the population have used BNPL methods, even forsaking the normal CC usage and /or normal bank, FIs credit linkage. The predominant users have been the millennial & the Gen Zs, but gradually, all the age-group.

Conference Advisory Committee

M Narendra: Chairman : Adviser - En Cube, Former CMD -IOB, Past Chairman of ASSOCHAM Banking & Finance Committee
Abizer Dewanji: Partner & National Leader, Financial Services -EY-India
A P Hota: Chief Strategy Consultant - Swift - India & Former MD & CEO - NPCI
Mohan Jayaraman: MD SEA, Experian Innovation Labs, Singapore
Douglas Lawson: Partner -DPS, Former Visa & UnionPay Singapore
Tamal Bandyopadhyay: Author & Consulting Editor - Business Standard
Tanmoy Chakraborty: Group Govt Affairs Officer Tata Sons Ltd


Shashank M Joshi: CEO,mBnk Phygital Market Place Pvt Ltd


Santanu Sengupta: Secretary General, FFIFS

Conference Secretariat

Sushil Zaregaonkar: Director - EY
Jayanta Ray: Chief Banking Officer mBnk

Our Past PartnersFFIFS Partners


BNPL India Partners


BNPL India Speakers

Session Plan

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BNPL India Deep Dive Brochure
BNPL India Deep Dive Brochure

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