Pay As You Go (PAYG)

Pay As You Go (PAYG) is a billing system where you pay for services or goods only when you use them, rather than paying a fixed amount upfront. For example, mobile phone plans often use PAYG, allowing you to top up your account and only pay for calls, texts, or data as you consume them. This approach offers flexibility and control over spending, making it easier to manage your budget since you're charged based on actual usage rather than fixed monthly fees. It’s commonly used in utilities, telecommunications, and some subscription services.