CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company has launched the ‘postpe’ solution based on the ‘Buy Now Pay Later’ (BNPL) platform?
A
BharatPe
B
PhonePe
C
Paytm
D
Whatsapp
Explanation: 

Detailed explanation-1: -BharatPe has rolled out its latest 360-degree marketing campaign to promote its Buy Now, Pay Later (BNPL) product- postpe. Conceptualised in line with the theme ‘De Dena Aaram Se’, the campaign is designed to create awareness about the various use-cases of postpe around interoperability and instant approvals.

Detailed explanation-2: -Worldline launches ‘Buy Now Pay Later’ service in travel payments.

Detailed explanation-3: -In October 2021, the consortium of Centrum Financial Services Limited (Centrum) and BharatPe, was issued a Small Finance Bank (SFB) license by the Reserve Bank of India (RBI). BharatPe also made its grand entry in the Buy Now Pay Later segment with the launch of postpe in October 2021.

Detailed explanation-4: -In October 2021 BharatPe launched the country’s first BNPL product with universal usage on QR, card and online and called it postpe.

Detailed explanation-5: -“’Golgappa’ on EMI as well ‘iPhone’ on EMI is our motto, ” stated co-founder Ashneer Grover. Fintech company BharatPe, on Wednesday, announced its entry into the ‘Buy Now Pay Later’ (BNPL) category with the launch of ‘postpe’.

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