article thumbnail

What are E-commerce Payment Systems and their Types?

Razorpay

BNPL is generally structured like an instalment-based money lending process that involves consumers, financiers, and merchants. Buy Now, Pay Later (BNPL) It is a kind of short-term financing option that lets customers make purchases and pay for them at a future date.

article thumbnail

How SmartCoin & its NBFC Partners Solved for Co-lending Money Flow Post-DLG with RazorpayX Escrow+

Razorpay

A unique custom identifier was created so that all loan disbursals on RazorpayX can be matched with the collections received on PG, closing the complete money lending loop with the borrowers. They could now access a comprehensive report on the RazorpayX dashboard with loan disbursals auto-reconciled against the account statement.

IT 52