Instant online financing at the point of sale could turn out to be big business for the small end of town, especially if companies like Afterpay, zipMoney and Affirm gain further traction. And for a generation yet to be weaned onto credit cards, it could mean a shift in personal financing trends away from the trusty plastic card and towards more flexible and ‘cheaper’ alternative providers.
Retail financing is certainly nothing new – department stores and larger retailers have been doing it for years.
