‘Buy Now Pay Later’ surged on Black Friday – Gadget

Written by on December 10, 2021

Buy now pay later online sales this Black Friday and Cyber Monday are triple those recorded in 2020, driven overwhelmingly by SA’s female shoppers (73%). This showcases how much more comfortable South Africans are with online shopping and especially interest-free payment options.

“By 10am on Black Friday, sales value had already surpassed Black Friday 2020. By the end of Cyber Monday, sales value was 3x higher than last year,” says Paul Behrmann, founder and CEO of fintech Payflex, which offers an interest-free buy now pay later (BNPL) payment solution. The top five categories of . . .

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