E-commerce BNPL to drive 10% of retail turnover by 2026, credit risk builds

South African e-commerce retail turnover is projected to reach 10% by end-2026, with over half of that volume financed through buy now, pay later (BNPL) schemes. This signals a structural shift toward credit-dependent consumption, raising concerns about consumer debt sustainability and potential regulatory or credit-market fallout. The projection is an estimate, and the actual pace of BNPL adoption and its impact on household balance sheets remains uncertain.

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