Название | : | Why BUY NOW PAY LATER Cards are facing the heat from the Regulators? : DARK side of BNPL |
Продолжительность | : | 12.56 |
Дата публикации | : | |
Просмотров | : | 1,1 jt |
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Hi I'm Ariful Islam leeton I'm software engineer and software development and website development and investors Comment from : Ariful Islam Leeton |
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Good That's how it should be Comment from : Girish Pattabiraman |
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I use icici paylater option Comment from : David Manickaraj |
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These apps reminded me of payday loans crash in IS market Good for RBI to have taken preemptive measures Comment from : Aditya Shingore |
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Slice recovery fron defaulters could be much higher than their commissions earned Comment from : Radhalakshmi B R |
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That shoe is iphone 12,13 Comment from : Diptesh hustler |
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WHAT HAPPENS IF THE STUDENTS DIDNT PAY BACK? Comment from : albinsvlog |
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Please make an video about Blackrock Co It’s portfolio worth US$10 trillion which quite insane Comment from : Tanay Somani |
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RBI DOING VERY GOOD JOB ❤brREALLY APPRECIATE ITbrbrEK DIN LATE HUA FEE 6500 CHARGE KARA H BEH^^*** K LODON NE brbrUNICARD WALO NE brbrbrSAB BAND HONE CHAHIYE YEH SCAMbrbrbrSLICE ONE THE WORST ROADSIDE COMPANY brbrDONT EVER TRY brbrUSE KARO AUR KUDE M PHEKK DO Comment from : Dhiraj Raj Khatri |
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It was so good My saviour😭 Comment from : Smriti R |
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RBI never stopped BNPL they just wants no BNPL fintech top up prepaid card with credit limit Thats all Comment from : Samriddhi Sankar Maity |
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Nirmala sitharaman is not rbi governor Mf Comment from : Karan |
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Restrict BNPL to a particular age class and a particular earnings class Comment from : sandeep ekbote |
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Everything is fake Comment from : PROUD MOMENT HISTORY |
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Talking about debt trap but promoting 9 interest rates of Cred Mint ironical! Comment from : dwip sengupta |
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thanks to rbi we would be doomed like usa Comment from : Bharmal Design Printing & Photo |
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Thanks for making great videos as alwaysbrI would avoid using CRED app to be part of paid member only community When life is simpler, its better Whenever I use my credit card, I pay immediately from my bank account so I don't have to remember making card payment and also get 2 to 3 cashback every month Direct cash back is much better than earning points With points you are trapped into buying something Comment from : 1001 Crore |
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The problem starts when you are able to afford a 5k product virtually and not in reality 1k or 2k EMI might sound reasonable, but thinking of this every month gonna put you into serious trouble Comment from : Mukundakrishnan s |
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These cards were providing so good features previously I don't understand why we should suffer for the irresponsible people brI had credit cards but still I used to use slice as it had so much good features but not anymore Comment from : Akash Singha |
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The big question is how do these companies handle the loan defaults?? Comment from : CM |
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Remember 2008 crisis yup that could happen here too Comment from : Khitab Singh |
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slice removed 3 months split and pay(without interest) Comment from : Jagan Mohan Reddy |
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Thank you brother for such a good content❤ Comment from : Swapnil Mahangare Techie Traveler Vlog |
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good move Comment from : chunga munga |
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Credit Card is a depth trap imo I've seen well to do rich individuals getting addicted to it and destroying their lives Comment from : BlackViking |
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Bnpl is every country so we came to know it's dark sidebut UPI is only in indiawe will see it's dark side soon Comment from : Nadeem Ahmad |
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yes they charge too much zest charges 36 interest Comment from : Sandeep patra |
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Good video but dude in all the videos pls mention materials and not matrials😀 Comment from : Ashwin Walvekar |
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Rbi is killing everyone Indian stocks, forex trading Everything Comment from : Captain Kunaal Malhotra |
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Bcz of unnecessary extra flow of money in market the inflation of every single thing got raised rapidlybrbrThe product which use to get at Rs100 before covid now its selling at Rs150-200 becz of demand and supply increased with high rate brbrGood step by RBI 👏 Comment from : ameer suhailsb |
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Oh c'mon, BNPL is a boon for people like me I use Amazon pay later I do not spend money on unnecesary stuff I only spend on things which are super important to me like bill payments, recharges, and products which are less than 2k I always pay on time and it has been super beneficial to me since they doesn't charge me breven 1 of interests Comment from : Samiulla Farhat |
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Companies are making profits forcefully with this final consumers end up paying more!! Rich are becoming more rich!! Not sure what is amazing about this idea!! Comment from : nisarg bhatt |
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I knew that Comment from : Raj |
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The temptation to buy anything is far too great One could find himself in a financial trap The interest is a monster Comment from : Jerilynn Lawrence |
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Good thing rbi taken fineteck company's should be baned for collection high interest Comment from : Healthy life |
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the problem is that people who are irresponsible will screw up a regular credit card too Comment from : AKR |
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I use Cred from last 2 years The best option for emergency loans as interest rate is very low & it is credited into your account in less than 2 mins Comment from : Sudhir S |
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Debit card is the best It keeps us middle class in check and reality Comment from : Rohit |
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This video is so perfectly curated Comment from : Chauhan Divyansh |
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Sponcer of this video does the same kind of business 😂😂 Comment from : Gajaraj Kalburgi |
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Wth is "credit loading into PPI" Bhai ye to explain kar deta Comment from : TSP |
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This is the education the youth needs Financial education is really important in today's world but unfortunately we have very few educators like you Comment from : Akhilesh Mehadia |
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I have been using BNPL for the last three months and I am already realising the mistake that i have made We don't tend to understand the trap until we are deeply stuck in it That being said, thanks a lot to this video The next few months are going to be tough but at the end of it all, if I am able to reduce even 20 of my debt, I'd consider it a success Comment from : Panic Powerhouse |
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It is a good move by RBI before things get out of control Comment from : G B |
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The worst thing they will call u 27/7 unlimited call until u pay brbrBut bank credit card teams they don't call unlimited times in a day Comment from : jeethendra Chilukuri |
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What is rbi doing, it is killing demand to protect greedy banks Comment from : Sabu T |
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BBC REPORTER INDIAN FM Comment from : Mintu Saren |
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Buy now, pay later is spoiling the market You are spending money which you dont have It is only creating a fake sense of economic growth When blown out of proportions, this bubble bursts And we have seen that before And all the lending institutions in India(including the banks) are cut throat and fleecing hapless customers with high interest rates It is a debt trap Not advisableRBI shld actually work on lowering the lending rates and do controlled lending only Comment from : Vinod D |
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Responsible content Must watch for all the millennials Comment from : BHARAT U |
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Your video was good but the story on your site is your marketing you should provide both angles of benefits and disadvantages of paying later card service officers Comment from : hitendra sandesaria |
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Good Job RBI this is a trap for middle class,I ended paying 40000 for 3000 Adidas shoes Comment from : Khon Bhoi |
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Great bro ❣️ thanks Comment from : bhavesh wasnik |
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What I have learnt from using Slice is that you'll have a thought that you can buy anything you want because you have slice However, the more you use it, the more easier it becomes to buy stuff you do not need However, i somehow managed to pull back the spendings Also, I always stay at least one month ahead in my payments because of how my salary is credited on 10th instead of 1st and the Slice payment due date is 5th of every month I really love slice However, so need to be careful of how we use it because it can be very dangerous if used irresponsibility Comment from : Vinnology |
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Been using slice for a long time without a single late payment Super disciplined with my expenses Comment from : Ninad Kulkarni |
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very nice and clean explained LoL💗Guys Comment from : KishDise07 |
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BNPL market is a financial mafia market which promotes Bing purchases and wasteful expenditure and unprecedented hardship to low income borrowers Comment from : Sudhanidhi Chakrapani |
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i dont understand why everyone blaming such company rather blame those who are using such card irresponsibly only use such card for your necessity but not for showing off Comment from : Life in lens vlog |
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Trap of debt brPaylater Comment from : Manoj Vlogs |
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loda gunde hai ye app wale ,,,itna intetest hai ,,,,acha hai band kare ye ,,,,chor ,,chor think school Comment from : kunal kumar |
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I use these cards just to increase cibil score and pay before time, so i could get emis Comment from : Fluffy Bunny |
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I am not able to join this channel and access the membership perksbrMy MasterCard is declining everytimebrCan you throw some light, why this is happening? Comment from : mukund da |
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indeed wonderful video, keep doing great work ganesh Comment from : BDPO DHAR |
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CRED is same as Skoda ka LAURA Comment from : Khurram Barkat Sheeraz Ansari |
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How CRED makes money? 😀😀 Comment from : Sunil Kumar Acharya |
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CRED sponsored this video 🤣 hence the anti BNPL proganda brLike credit cards, BNPL requires financial maturity You see the average American drowning in debt when credit advanced is large BNPL must limit itself to under $100-150 per customer Comment from : nikhilj |
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I have a question, as a credit card issuance it is completely dependent on some external income plus multiple factors Are they equally damaging as BNPL services, if we say that these services are now easily offered to people below 25 or the same customer who were BNPL consumer as that of BNPL services? Comment from : Shaunak Alshi |
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Indian education system really needs a subject related to tax and finance The amount of financial illiteracy we have is astonishing Even the majority of millennial and gen Z have very poor financial literacy I'm 23 and when i tell my friends how important it is to manage your finance and investmentsthey just be like mehhh and burn through their salary with zero savings💀 brbrPeople really need to learn the difference between "wants" and "needs"brbrTry to achieve your goals without being in debt unless you have no choice Comment from : Fire Penguin |
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Now slice is charging if you split your credit It started from July Notice came on june Comment from : Abhishek Chary |
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No matter what payment method one uses, if it is 'unnecessary purchase to please unnecessary people', it will put you into trouble Good one 👍 Comment from : Joseph S |
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BNPL is unsustainable habit it must be regulated Comment from : vmg vmg |
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I got lot of calls for overdraft, loans, credit from Citi banks with lot of benefits, brWarning high risk of 15 overdrafts, loan with changing and hidden policies, market strategies When deep down more for an hour lot of risks involvedbrDon't fall prey just reject it Comment from : DarkZero |
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what will be the effects on postpe , can anyone elaborate? please Comment from : Aum Swastika Shrivatsa |
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What is need forecredit cardwhichhasbad reputationbrWhy this sudden spurt of interestbrIs it economics or corporate strategy Comment from : kadir ismail |
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👍👍👍 Comment from : चंद्रभान सिंह |
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All of these criticisms apply to credit cards as well lol Comment from : Skyswindler |
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I used cred more than 1 year and now dint use cred bcoz they didn't settle repayment instantlyand also it dint give cashback nowdays Comment from : motiramani lecture |
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The FinTech world clearly knows that Millions of people have poor or no knowledge of Finance, personal or otherwisebrEasy Money is the Easiest Trap to setupbrCompanies want consumers And they are rarely, if ever, ethical brBNPL takes advantage of this Greed which exists at both the ends of a transactionbrFinancial management is one of the most critical skills to learn in today's world Comment from : Alap Naik Desai |
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This man is trying to trap you people, with his sugar coated fabricated ornamental language, please don’t get trapped The debt trap is such that once you are in brGetting out it will be suicidal You can starve but don’t take loan from financial institutions Comment from : Esoteric Pilgrim |
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The video is not as informative ! And stretches too long Comment from : Some Guy |
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UNI still offers BNPL but you can only split for 2 months Comment from : Kavish Shakdwipee |
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Nice but brMe and my father both tried UNI card he got it and i don't brCBIL MATTERbrPLUS TRANSACTION HISTORY Comment from : Rohan Jhamnani |
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Hell change 🏫 Comment from : Raju podiyan |
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BNPL ❤️ Comment from : xxx |
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Remember when Americans did the same and had bsmall/b bitsy/b bbitsy/b problem last decade, that they dealt with like pros ?bryeah, neither do I Comment from : Dishant Dalvi |
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me: breads title/bbrstarts having flashbacks from 2008 😰 Comment from : Dishant Dalvi |
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Despite a good video subject A sponsorship from cred says it all Comment from : Raveen K Pai |
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