Happy Pay has entered into a strategic partnership with Peach Payments to broaden its buy-now-pay-later (BNPL) offering across South Africa. Under the new arrangement, customers can make purchases immediately and pay two interest-free instalments, making transactions more affordable and accessible.
The BNPL solution will be available via two packages: an enterprise package with volume-based rates and a small to medium-sized enterprise (SME) package priced at 4.99% plus R4 + *R1,50 per transaction.
Happy Pay offers several advantages for both merchants and consumers, including:
Increased Sales: Zero-deposit BNPL drives higher conversions and bigger basket sizes by making purchases more accessible.
Risk-Free Transactions: Happy Pay assumes the credit risk, ensuring merchants receive full payment upfront.
Fast & Seamless Approvals: Customers get approved in just 30 seconds, leading to quicker sales.
Zero-Deposit Advantage: Stand out with South Africa’s only zero-deposit BNPL solution.
Lungile is the Digital Editor for Startup.Africa, with a knack for storytelling, technology and innovative ideas. Working with Startup.Africa, she takes simple ideas and turns them into amazing stories.
