pay as you go

The Pay-as-you-go (PayG) finance system has been around for quite some time, but its impact on device financing is relatively recent. As all businesses and most of the crucial operations even in our day-to-day lives rely heavily on technology, everyone desires to own their personal devices, especially smartphones. But with the soaring prices of the latest devices, apart from the elite few, the majority of people need to rethink their finances before taking a direct plunge into paying upfront costs of devices.What is Pay-as-you-go? Pay-as-you-go is a consumption-based cost model that allows the user to pay only for the services and usage that the user has consumed, contradictory to the traditional purchase model that requires the user to pay total upfront costs at once.While a certain popul...