Stitch, a South Africa-based payments infrastructure company, has launched a Buy Now Pay Later (BNPL) product for merchants, expanding its platform to support instalment payments across merchants’ online and in-store channels.
The company noted that the product would allow merchants to offer customers flexible repayment options at checkout by letting them choose their repayment schedule and split purchases between two and six instalments.
While customers pay over time, Stitch said it would settle merchants the full purchase amount, minus fees, within 24 hours to remove the repayment uncertainty that makes instalment payments difficult to adopt.
The BNPL payment market in South Africa is expected to grow annually by 22.2% and reach $1.17 billion in 2026. Stitch is positioning itself to capture that demand by embedding the service directly into its existing payments infrastructure.
“What sets our BNPL product apart is both its commercial performance — we’re already seeing higher approval and facility rates than other players in the market — and the flexibility we offer consumers to choose a repayment term that genuinely works for them,” said Junaid Dadan, President and Co-founder at Stitch.
