Fintech Cards

As Indian consumers have adapted to digital payments, especially UPI, Fintech startups in the country have come up with a variety of lending products, including instant personal loans and BNPL (Buy Now Pay Later) services like Amazon Pay Later, LazyPay, and many more. Some Fintechs have taken the BNPL model to a different level by offering physical payment cards against a line of credit that works very much like credit cards for almost all practical purposes. As most of these companies are not registered NBFCs, these BNPL cards are issued in collaboration with a financial partner such as a bank or NBFC. Just like credit cards, BNPL cards are also issued on payment networks like Visa/MasterCard and can be used at any retail store (online or offline). Moreover, you can even earn reward points/cashback on these BNPL cards.