Buy Now Pay Later boosts retail sales (opens original article in a new tab)

Buy Now Pay Later (BNPL) is driving growth in South African retail sales by offering flexible payment options, attracting younger consumers, and increasing customer spending and loyalty. Retailers like Edgars and TFG report significant adoption, with BNPL contributing to higher sales and repeat business. The payment method is also expanding into new sectors such as healthcare and travel.

• Buy Now Pay Later (BNPL) is growing rapidly in South Africa, boosting retail sales and attracting younger shoppers.
• Edgars reports BNPL accounts for nearly 10% of sales, with higher average basket values and increased customer loyalty.
• BNPL is expanding beyond retail into sectors like healthcare and travel, with providers like PayJustNow targeting small businesses.