The Buy Now Pay Later (BNPL) business model which allows customers to take home a product and make the payment over a stipulated period of time is gaining popularity in South Africa. As a recent report by one of South Africa’s leading buy now pay later players Payflex shows, there’s been a 30% increase in the use of BNPL payment options in the country.
lthough digital-only banks are still are in their early days in Africa, switching to one now can make a huge difference for your finances. Whether it’s for business or personal finances, there’s a lot to benefit from turning to digital-only banks. Some of the well-known ones in Africa are ChipperCash, Kuda, Lidya, Eversend, Piggyvest, Cowrywise and 7aweshly. .
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