New Delhi, Aug. 25 -- Gen Z's approaches credit and spending differently from older generations, credit-on-UPI platform Kiwi said in a report this month. It said internal data showed that younger consumers prefer convenience, use credit for larger purchases and opt for longer repayment tenures when financing high-value expenses.

"Gen Z is not necessarily using credit more frequently; they are using it differently. Our data shows that convenience is playing a much bigger role in how younger consumers make payment and credit decisions," Siddharth Mehta, Co-Founder and COO of Kiwi, said in the release.

According to Mehta, Gen Z opts for quick commerce for everyday purchases and credit for larger expenses, where "the focus is increasingly o...