In response to ongoing inflation concerns in South Africa, Retailability, the parent company of popular fashion brands like Edgars and Legit, is introducing PayFlex, an innovative in-store payment option designed to alleviate financial strain on consumers. While statistics suggest some relief from inflation, everyday shoppers continue to feel the pressure. PayFlex, previously available only online, will now allow customers to make purchases without the immediate financial burden. The service operates on a Buy-Now-Pay-Later (BNPL) model, where customers pay 25% upfront and the remaining balance over six weeks, interest-free. Retailability CEO Norman Drieselmann emphasized the importance of adapting to the evolving fintech landscape to provide better value to customers. The PayFlex option will be available in all Retailability stores starting October 25, complementing existing credit options without disrupting them. This initiative aims to empower shoppers with more flexible payment choices, making it easier to manage their finances during challenging economic times.
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