FINTECH AFRICA | South African Fintech, Peach Payments, to Expand BNPL Offering in New Deal with Float

South African fintech, Peach Payments, has entered a strategic partnership with Float, the country’s first credit card-linked instalment platform.

Through the partnership thousands of Peach Payments merchants will be able to incorporate Float at checkout, providing consumers with a smooth, interest-free installment option that enhances the online shopping experience.

Unlike conventional Buy Now, Pay Later (BNPL) services that typically involve new credit lines, Float utilizes existing credit cards to divide payments over several months – interest-free and without extra charges. This enables shoppers to manage their finances more effectively while ensuring timely credit card repayments.

For merchants, the advantages are significant, as laid out by Float. Retailers integrating Float experience a 134% increase in average basket size, improved conversion rates, and access to a high-value customer base with pre-approved credit card facilities.

With over 10 years of experience, Peach Payments has established itself as a leader in online payment solutions, providing a full range of payment options, including card payments, bank transfers, BNPL, QR codes, digital wallets, and pay-out solutions for businesses.