Digital payments: Gen Z’s takeover of SA’s payment offerings

For Gen Z, these days everything is a recession indicator: Kris Jenner’s facelift, the feared comeback of the low-rise jean, and even pop music.

Someone left a comment on this article I wrote that got me thinking about how the generation I’m part of manages our money. Online retailers are reporting a rise in buy now pay later payment options, especially among younger customers. Should this be a warning sign? Or are do we just want a better bang for our buck?

(This is my first post here so be nice :rofl:)

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This is really interesting. I avoid payment options like the plague… I know myself, and I would lose track of those payments too quickly and then lose control of my budget.

I’m inclined to agree with the commenter, this is basically a perfect storm of aspirational consumerism and poor financial literacy being exploited.

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