{"id":43290,"date":"2026-06-23T17:07:42","date_gmt":"2026-06-23T11:37:42","guid":{"rendered":"https:\/\/www.grabon.in\/indulge\/?p=43290"},"modified":"2026-06-23T17:11:13","modified_gmt":"2026-06-23T11:41:13","slug":"best-buy-now-pay-later-apps-india","status":"publish","type":"post","link":"https:\/\/www.grabon.in\/indulge\/finance\/best-buy-now-pay-later-apps-india\/","title":{"rendered":"Best Buy Now Pay Later Apps in India (2026)"},"content":{"rendered":"\n\n\n
The short answer:<\/strong> Five BNPL apps are currently live in India: LazyPay, Amazon Pay Later, Flipkart Pay Later, ICICI PayLater, and Paytm Postpaid. Simpl was shut down by the RBI in September 2025. ZestMoney and MobiKwik’s BNPL products are also no longer operational.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Buy now, pay later sounds simple until you try to figure out which app to trust with your credit history, your salary date, and your Zomato habit. The Indian BNPL market has also had a rough few years: three major players have shut down since 2023, including Simpl, which was ordered to stop operations by the RBI as recently as September 2025. Five apps are still standing. This is a breakdown of each one, what it charges, where it works, and where it does not.<\/p>\n

Quick Comparison: BNPL Apps in India (2026)<\/strong><\/h2>\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nLazyPay<\/strong><\/td>\nAmazon Pay Later<\/strong><\/td>\nFlipkart Pay Later<\/strong><\/td>\nICICI PayLater<\/strong><\/td>\nPaytm Postpaid<\/strong><\/td>\n<\/tr>\n
Interest-free window<\/strong><\/td>\n15 or 30 days<\/td>\n30 days (next month)<\/td>\nPay by the 5th next month<\/td>\n45 days<\/td>\n30 days<\/td>\n<\/tr>\n
Starting credit limit<\/strong><\/td>\nUp to \u20b910,000 free; up to \u20b95 lakh post-KYC<\/td>\nUp to \u20b960,000 (full KYC)<\/td>\nUp to \u20b91 lakh<\/td>\nPersonalised<\/td>\nPersonalised<\/td>\n<\/tr>\n
EMI option<\/strong><\/td>\nYes (3 to 60 months)<\/td>\nYes (3 to 12 months)<\/td>\nYes (up to 48 months)<\/td>\nYes (3 to 9 months on UPI)<\/td>\nNo<\/td>\n<\/tr>\n
Works offline<\/strong><\/td>\nNo<\/td>\nNo<\/td>\nNo<\/td>\nYes (UPI merchants)<\/td>\nYes (any UPI QR)<\/td>\n<\/tr>\n
Where it works<\/strong><\/td>\n60,000+ online merchants<\/td>\nAmazon.in only<\/td>\nFlipkart only<\/td>\nOnline + offline UPI<\/td>\nAny UPI QR merchant<\/td>\n<\/tr>\n
Who can apply<\/strong><\/td>\nOpen to all<\/td>\nOpen; lender decides eligibility<\/td>\nOpen; partner bank decides<\/td>\nICICI Bank customers only<\/td>\nPaytm users with KYC<\/td>\n<\/tr>\n
Lending partner<\/strong><\/td>\nPayU \/ NBFC<\/td>\nAxio + IDFC FIRST Bank<\/td>\nIDFC FIRST, Kotak, Axis<\/td>\nICICI Bank<\/td>\nSuryoday Small Finance Bank + NPCI<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What Happened to India’s BNPL Sector (The Short Version)<\/strong><\/h2>\n

Between 2022 and 2025, the RBI systematically closed the regulatory gaps that allowed early BNPL products to exist.<\/p>\n

In June 2022, the RBI prohibited non-bank fintechs from loading credit lines onto Prepaid Payment Instruments – wallets and prepaid cards. That single circular ended several wallet-linked BNPL models overnight. ZestMoney, which had built its product on this exact structure, could not survive the pivot and shut down entirely by December 2023 after 17 million users and a failed acquisition by PhonePe.<\/p>\n

Simpl lasted longer but met the same outcome. On 25 September 2025, the RBI ordered Simpl to immediately cease all payment, clearing, and settlement operations, having determined the company was running a payment system without the mandatory Certificate of Authorisation under the Payment and Settlement Systems Act, 2007. The company laid off around 100 of its 220 employees within a week. Its core product, the one-tap 15-day checkout used by Zomato, BigBasket, and MakeMyTrip customers, is no longer available.<\/p>\n

What remains is a consolidated market: bank-backed products, large e-commerce ecosystems, and UPI-linked credit lines. A January 2026 GlobalNewsWire report<\/a> confirmed this shift: new BNPL entrants in 2024-25 are almost exclusively bank-anchored and embedded within UPI apps or e-commerce platforms, rather than standalone fintech apps.<\/p>\n

The Top Five BNPL Apps Currently Live in India<\/strong><\/h2>\n

1. LazyPay<\/strong><\/h3>\n

The one with the widest merchant reach for online shopping<\/strong><\/p>\n

LazyPay, backed by PayU, is the most broadly deployed BNPL option for online shoppers right now. It operates across more than 60,000 merchants, covering food delivery (Swiggy, Zomato), quick commerce (Zepto, BigBasket), fashion (Myntra), entertainment (BookMyShow), and travel, among others. Fintech Singapore’s March 2026 analysis puts LazyPay’s active user base at 6 million.<\/p>\n

The core Pay Later product works like this: you get a free credit limit of up to \u20b910,000 at sign-up, usable across the merchant network in a single tap, no OTP required at checkout. You pay one consolidated bill every 15 or 30 days. No interest. Complete full KYC through the app, and the limit can go up to \u20b95 lakh, with the repayment window extended to 30 days.<\/p>\n

For larger purchases, LazyPay offers personal loans (XpressLoans) from \u20b93,000 to \u20b95 lakh.<\/p>\n

Charges (from the official LazyPay App Store listing):<\/strong><\/p>\n