Payflex, an innovative payment gateway and buy now pay later (BNPL) solution, is reportedly supporting the growth of SMEs in South Africa by boosting their sales significantly. Payflex enables customers to shop now and pay later interest-free in four equal installments over six weeks. They have to pay a fee only if they miss a scheduled installment. Meanwhile, Payflex pays the merchants upfront on the next business day to safeguard their cashflows while assuming all the risks for non-payment by the customers. Furthermore, Payflex provides a full suite of services to merchants, including innovative funding solutions and marketing support.
