The buy-now-pay-later (BNPL) revolution is moving into high gear in SA — and could be worth about R2bn by the end of this year, from almost nothing four years ago. But whether this will become a major threat to listed retailers’ vast credit books, or simply a leg-up for local sales, remains to be seen. 

“BNPL makes up 2%-3% of total online retail spend and, at its current growth rate, this could reach 10%-15% in the next two years,” says Paul Behrmann, CEO of local group Payflex, which was set up in SA in 2018...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.