ARTHUR GOLDSTUCK: BNPL wants your wallet — online and in-store
South African consumers — at least in the online space — are behaving similarly to consumers in more developed and mature markets
17 July 2022 - 06:28
Buy now, pay later (BNPL) is described as the first truly new financial services product since the launch of credit cards in the 1950s, despite bitcoin adherents claiming that landmark for cryptocurrency.
However, while the evolution of the latter has been driven more by speculation than by transactions, the BNPL industry has also had an image problem. Because its innovations have been dominated by unknown start-ups, it has often been seen as a suspect sector — although nowhere near as dodgy as crypto...
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