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SA’s buy-now-pay-later market expected to hit R2bn by year-end

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These types of payments are growing 10%-15% a month and recorded a 50% hike between the first and second quarters of 2022

South Africans are set to spend about R2bn through buy-now-pay-later services by end-2022, data from payments provider PayFlex shows.

During the Covid-19 pandemic, e-commerce more than doubled in size, but still makes up only a small portion of total retail sales. By some estimates, this number is below 5%. To help push up these numbers, flexible credit options, such as buy now pay later, have been touted as a catalyst in the growing field. ..

 

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