Author: Anine de Kock

Opinion

Buy Now, Pay Later – Risk Vs Value Considerations For Merchants

E-commerce merchants can’t afford to ignore the advantages of Buy Now, Pay Later (BNPL) facilities and alternative credit solutions, but they should choose their BNPL partners with care. Exponential growth in e-commerce and the ongoing credit dependencies of South African consumers make BNPL facilities a must-have for merchants. The Online Retail in South Africa 2024 report by World Wide Worx, compiled in partnership with Peach Payments, Mastercard and AskAfrica, found that the local e-commerce sector is approaching R71 billion in sales. It is expected to account for 10% of total retail by 2025. Benefits to consumers Ten percent is massive. Payment options play a big part…

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