Buy Now Pay Later (BNPL)

Buy Now Pay Later (BNPL) is a short-term financing method that allows consumers to split a purchase into multiple instalments, typically interest-free, rather than paying the full amount at checkout. In South Africa, BNPL providers settle the full transaction value with the merchant upfront — typically within 24 hours — while the consumer repays in three, four or six instalments over time. Merchants offering BNPL typically see higher average cart values and lower checkout abandonment on higher-value purchases.