Imagine walking into a store to buy something and discovering that the product that you want to buy is out of your budget? This is an issue that has plagued consumers for a really long-time and one of the solutions has been to pay overtime. While credit card was the solution, buy-now-pay-later (BNPL) has become a more credible option.
The downside of using a credit card to pay for a product overtime is the hidden charges or interest associated with the payment. The BNPL solution offered by in3, a Dutch fintech company based in Eindhoven, removes that interest component completely while allowing customers to make payment in three instalments.