Not just for consumers – How small business can benefit from BNPL

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Buy now, pay later (BNPL) is typically associated with Gen Z and millennials shopping online for fashion and other non-essential items. But as the fast-growing BNPL market evolves, it’s clear consumers aren’t the only ones that can benefit from instalment payment apps. Small businesses can also use BNPL to break up their purchases into smaller chunks to improve cashflow. And unlike traditional payment methods such as credit cards, with BNPL there’s no need to choose between making minimum repayments, which incur interest, and full repayments, which don’t incur interest but can impact cashflow. hummpro is a new instalment payment option designed specifically to meet the needs of small businesses.

How Small Business Can Benefit From BNPL