Buy Now, Pay Later is a popular payment option that allows consumers to purchase goods or services immediately and defer the payment to a later date, often in installments. This method is widely used in online shopping and retail, offering flexibility for customers who may not have the full amount upfront. BNPL services typically involve little to no interest if payments are made on time, making it an attractive alternative to credit cards. However, while it can help manage short-term cash flow, it’s important for users to be cautious, as missed payments can lead to late fees and affect credit scores.