The growing "Buy now, pay later" market

POS SOFTWARE

A year ago here I spoke of the growing market of the "Buy now, pay later" market of which the two big players are Afterpay and Zip.  Well a year later, it is clear that the growth of these payment methods has increased.

Trend_buy_now_pay_later

Afterpay has replaced in google trend Paypal.

Afterpay tripled last year, while zip doubled which is pretty impressive. Now about 10% of Australia has used their services. Part of the appeal is that many that cannot get a credit card can get these cards. Here is a comparison from the retailer's point of view

 

Those of my clients that are using it report that a zip customer is a good customer, on an average they spend about $150 a transaction.


If you want to know more let me know.

 

 

 


 

 

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