In our recent piece published on Business Age, our COO Samantha Fogerty explores the transformative impact of Buy Now, Pay Later (BNPL) solutions on small and medium-sized enterprises (SMEs). BNPL offers flexible payment options that can significantly enhance customer acquisition and retention, providing a boost to SME growth.
Key Points:
- Increased Sales: BNPL solutions can lead to higher conversion rates and larger average order values by offering customers a more flexible payment option.
- Cash Flow Management: SMEs can better manage their cash flow as they receive full payment upfront from BNPL providers while customers pay in installments.
- Customer Loyalty: The convenience and financial flexibility of BNPL can enhance customer satisfaction and loyalty.
For a deeper dive into how BNPL is unlocking growth potential for SMEs, read the full article on Business Age here.