Paper Contents
Abstract
The rise of Buy-Now-Pay-Later (BNPL) services has transformed how young adults manage their purchases and perceive affordability. This study explores the impact of BNPL platformssuch as Klarna, Afterpay, and Simplon the spending behavior of individuals aged 18 to 35. Using a survey-based approach, the research analyzes how convenient installment options influence impulsive buying, budgeting discipline, and overall financial awareness. Findings indicate that easy access to deferred payment options encourages more frequent and higher-value discretionary spending, particularly among users with lower financial literacy. While BNPL schemes provide short-term flexibility and purchasing power, they may also contribute to debt accumulation and reduced savings habits. The study highlights the dual nature of BNPL systemsas both enablers of financial convenience and potential triggers of overspending. The paper concludes with recommendations for promoting responsible usage through improved consumer education and transparent disclosure policies.
Copyright
Copyright © 2025 Dr. DAYA SHANKER KANAUJIA. This is an open access article distributed under the Creative Commons Attribution License.
