to instantly read 150+ free stories & 250-word summaries of all our stories

New kid on the payments block

Pay Later, the next wallet

After wallets and UPI, if you are looking for that single-click convenience, Pay Later is the one. But will the regulator look at it that way?

16/04/18

Arundhati Ramanathan

Pay Later is a combination of a payment and credit product. Being a truly single-click experience, it could potentially take the place of wallets

Pay Later's adoption depends on its ability to use a mix of data to find reliable users

Simpl and LazyPay are deployed across merchants like food delivery where repeat usage among consumers is high

Its lack of a two-factor authentication system could bring it under RBI's lens

key.jpg

Want to read a free 200 word summary?

Every morning, like clockwork, MBA student Nandan Toshniwal opens FreshMenu and orders himself breakfast. While he always knows what to order, when it comes to payment, he pauses. Cashbacks draw him to wallets. But he’s often short. So what does he do? Enter Pay Later. One click, no immediate transaction, and he’s done. Now, the…

Read the full story. Subscribe now.

Also read our exhaustive coverage about Cash and payments, FinTech and Future of Retail

Why subscribe? Let us explain.

Already Registered?

Related stories

More stories in /Analysis & /Technology

See all in Analysis, Reportage, Startups & Technology

This story is for subscribers only.
or

Read the full story. Subscribe now.

Also read our exhaustive coverage about Cash and payments, FinTech and Future of Retail

Why subscribe? Let us explain.

The selected story is available only for paid subscribers. Might want to change your mind!

Subscribe now

Already Registered?

Questions?

What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?

Yes.

How many stories will I get if I take an annual membership?

847+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.

See all FAQs

    See all results for Ken

    No results found for Ken.