Is the buy-now-pay-later model a win for consumers or a potential debt trap? – The National

Is the buy-now-pay-later model a win for consumers or a potential debt trap? – The National

Windalyn Goma, 31, has been using buy-now-pay-later platforms in the UAE to purchase home appliances and pet food since last year.

What the Filipina public relations executive in Dubai likes about the BNPL model is that it allows her to make small purchases and spread them across two to four interest-free payments.

“I am trying to stop myself from using credit cards now, so I either use cash or BNPL for all my purchases,” she says.