B
Credit
Buy Now Pay Later (BNPL)
A type of short-term financing that allows you to purchase goods and pay for them in instalments, often interest-free if paid on time. Popular BNPL providers in South Africa include PayJustNow, PayFlex, and Float. While convenient, missed payments can attract fees and affect your credit score.
Usage Examples
"She used a BNPL service to split her R6,000 laptop purchase into three interest-free payments."
"Buy now pay later might seem free, but late payments attract penalty fees and can appear on your credit report."
"BNPL is regulated under the NCA in South Africa, so providers must conduct affordability assessments."