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The hidden risks of buy now pay later services

In 2018-19, buy now, pay later providers earned $43 million in revenue from late payment charges. Source: Getty Images

The buy now, pay later services may have made buying products easier for consumers, but with their increasing popularity and almost ubiquitous presence, concerns are growing that some users may get caught in a debt spiral.Feature by: Sneha Krishnan, Renuka presents in Tamil.

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