“Buy Now Pay Later” Trend in South Africa Increases Up to 30%
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.