Should you ditch your credit card and consider 'buy now, pay later'?

Several players, such as LazyPay, Capital Float, and ZestMoney, to name a few, offer it

Buy now, pay later (also known as BNPL) adoption has grown rapidly during the pandemic. It is now regarded as an alternative to credit cards. It is set to become the fastest-growing online payment method, from a 3 per cent share in 2020 to 9 per cent in 2024, according to Goldman Sachs. Should you ditch your credit card and consider BNPL?
 
How BNPL works
 
BNPL is an instant credit option.
 
Anup Agrawal, business head, LazyPay, says, “It is an interest-free, deferred payment option that allows consumers to make purchases during online checkout or offline transactions, with