Gulf News wrongly reported/published the following:

The abbreviation for the phrase ‘Buy Now Pay Later’ as, ‘BNPY’ in the page 13 report, “‘Cashback’ offers emerge as real deal in UAE retail space”, Business section, published on May 5. It should have read as: ‘BNPL.’

We apologise for the error and any inconvenience it might have caused.

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If there is an error in the newspaper, we will correct it promptly and fully.

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