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Alarm bells over popular payment method in South Africa | SA News


Dehan Scherman from Financial Wealth Holdings has raised concerns over the popularity of Buy Now, Pay Later options in South Africa, warning that they could lead many people into financial distress.

Speaking to 702, Scherman explained that people who typically opt for buy-now-pay-later are those who can’t access credit, have no credit history, or are already over-indebted.

He said the people most likely to use the buy-now-pay-later option are those who really can’t afford it, and he warned that it can snowball…

Adriaan Basson: Editor of News24, recognized for his investigative journalism and
commentary on political affairs.

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