INSIDE YOUR POCKET: Buy now pay later will be a R2 billion market by December.

Hundreds of thousands of South Africans are paying for their goods by using buy now pay later (BNPL) which is growing 10 – 15% per month and recorded a 50% hike from the first to the second quarter of 2022. According to Payflex, South Africa’s largest BNPL provider with over 300 000 customers, BNPL payments are likely to be around R2 billion by the end of 2022.