In today’s tough economy, most consumers would tell you that if a retailer offered them an opportunity to ‘buy now, pay later’ with no credit charges for meeting their agreed repayments, they would bite their arm off to obtain the deal.

Recently introduced into the South African market, the concept of ‘Buy Now, Pay Later’ (BNPL) is designed to enable consumers to purchase high-value items, even when they don’t have enough money available at the time.