PayJustNow Growth Lifts Weaver Fintech BNPL Revenue Share

In Short

Weaver Fintech says PayJustNow is still growing fast. It contributed about 21% of group revenue. The BNPL platform is adding 120,000 to 130,000 customers per month. Weaver also reported a sharp rise in PayStretch transaction volumes.

What Happened

PayJustNow, Weaver Fintech’s buy now pay later product, is contributing about 21% of the group’s revenue, according to Financial Mail. BNPL, short for buy now pay later, lets customers split a purchase into instalments instead of paying upfront.

The report said PayJustNow is adding 120,000 to 130,000 customers each month. That kind of growth matters because BNPL products rely on high repeat usage and a wide merchant network to spread risk and generate fees.

Weaver also disclosed strong momentum in PayStretch, another instalment payments product. PayStretch transaction volumes rose 286% in the first half of the year. Transaction volume is the total value of payments processed, and it is a key indicator of how much the product is being used.

On distribution, Weaver plans to expand PayJustNow’s merchant base from about 3,850 to roughly 18,000 by year-end. The company expects to do this through payment service provider integrations. A payment service provider is a company that connects merchants to card and bank payment rails, so one integration can unlock thousands of merchants.

Weaver also wants to grow beyond retail into medical, travel, and education payments.

Why It Matters

BNPL in South Africa is shifting from a pure checkout feature to a broader credit and payments layer. More merchants, especially in healthcare and education, can increase customer lifetime value because these are repeat, high-need spending categories.

PSP integrations also lower the cost of acquiring merchants. They can make it easier for PayJustNow to reach scale without signing up each store one by one.

For operators and investors watching the space, the key question is whether customer growth stays strong while credit losses remain controlled as PayJustNow moves into new verticals.