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FINTECH and payments provider Adumo said this week that it had partnered with TymeBank to extend the newly-launched MoreTyme payment offering to small and medium enterprises in South Africa.

MoreTyme is a buy-now-pay-later (BNPL) payment service that offers consumers a three-instalment, interestfree payment option at the point of sale.

Paul Kent, the chief executive at Adumo, said: “The past 18 months have seen a transformation in the local payments landscape, with new contactless and cashless payments and alternative credit solutions transforming the retail landscape.

“Our new partnership with TymeBank will now extend the benefits of MoreTyme to small and medium enterprises across South Africa, giving them an exciting new tool for driving greater revenue and footfall at their stores.”

TymeBank chief executive Tauriq Keraan said: “MoreTyme is the modern way for customers to pay for goods.

“It is a fully digital experience and provides customers with a smart option for immediately receiving their goods while spreading their cash flows over a 60-day period through an interest-free facility.”

RETAILER Pick n Pay said this week it was preparing to release its Black Friday deals this month, and customers could expect massive deals and some of the lowest prices reported for this year, mainly through its loyalty programme, Smart Shopper.

“The majority of these deals will be Smart Price Black Friday deals, meaning customers who swipe their Smart Shopper card will get the best savings, as well as cash back in points. Pick n Pay will also be trialling new innovative deals this Black Friday to offer customers the biggest savings yet, and will share more information on these in the coming days,” it said.

Andrew Mills, the group executive: Marketing at Pick n Pay, said a strong focus for Pick n Pay this year would be “Pantry Loading” Black Friday deals.

“We saw last year that customers used Black Friday to ‘pantry load’ on everyday basic grocery items. With many having faced a tough year financially, we believe more customers will be shopping deals in a much smarter way. During our planning, we made sure we’d be able to deliver deals that help our customers stock up on essential items at the most affordable prices,” he said. | Staff Reporter