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.

 

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.

 

 

 


 

 

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Image CAPTCHA
Enter the characters shown in the image.