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Buy now, pay later is a new form of lending that allows consumers to repay a purchase from a retailer over several months with no interest or fees – a fee is charged to the merchant for immediate settlement by the provider. Through its partnership with Pick n Pay, TymeBank can track what groceries a customer purchases at which time of the month. A change in behaviour, such as switching from fresh vegetables to frozen, can be an indicator of financial stress.
Reach out and get the market share
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