‘Buy now, pay later’ culture spreads to Iran’s corner shops due to cash crunch

File photo of a grocery store in Mashhad, northeastern Iran
File photo of a grocery store in Mashhad, northeastern Iran

As inflation continues to erode household incomes in Iran, a growing number of corner shops and grocery vendors across the country are quietly reviving an old tradition: the ledger-based, buy-now-pay-later system, Iranian daily Etemad wrote on Monday.