Sezzle buy-now-pay-later service planning India launch

BENGALURU (Reuters) – Sezzle Inc is testing its buy-now-pay-later service in India for a potential launch at the end of the year, its chief executive officer said, capitalising on rapid global growth in online shopping as competition intensifies in the sector. Sezzle currently only operates in the United States and Canada. In the three months from March, Sezzle added more than 300,000 new customers, highlighting the growing appeal of BNPLs. Spurred by recent growth, more players are moving into the industry, which first took off in Australia. Tencent’s investment in Afterpay this year was seen by analysts as a possible entry point into China for the BNPL leader.

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