Payflex

Payflex is a South African buy now, pay later (BNPL) payment platform for shoppers who want to split purchases into instalments, and for merchants that want to offer BNPL at checkout online or in store.

Key capabilities include:

• Flexible instalments: customers can pay once-off or split a purchase into 2, 3, or 4 interest-free instalments.
• Fast sign-up and approval: shoppers can apply and get set up in minutes via the website or during checkout.
• Store discovery and in-store support: a store directory helps customers find participating merchants by category, including fashion and apparel, beauty, tech and electronics, home, fitness and wellness, appliances, food and beverage, and in-store options.
• Merchant settlements: the platform pays merchants upfront and provides daily bank settlements; merchants pay transaction fees on successful orders and no setup fees.

Available on Web, Android (Google Play), iOS (App Store), and Huawei AppGallery.

It serves B2C shoppers looking for interest-free instalment payments and B2B merchants in South Africa that want to add BNPL as a payment method.

Notable in the South African market for its broad retail coverage across multiple categories and for being acquired by Zip (Australian BNPL company).