Swimming and diving lessons in Basra - in pictures

More from The National:

Pros and cons of BNPL

Pros

Easy to use and require less rigorous credit checks than traditional credit options
Offers the ability to spread the cost of purchases over time, often interest-free
Convenient and can be integrated directly into the checkout process, useful for online shopping
Helps facilitate cash flow planning when used wisely

Cons

The ease of making purchases can lead to overspending and accumulation of debt
Missing payments can result in hefty fees and, in some cases, high interest rates after an initial interest-free period
Failure to make payments can impact credit score negatively
Refunds can be complicated and delayed

Courtesy: Carol Glynn

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Swimming and diving lessons in Basra - in pictures

Youngsters work on their technique in the water in Iraq

Pros and cons of BNPL

COMPANY PROFILE

COMPANY PROFILE