How does buy now, pay later actually work?

Consumer payment systems that enable a shopper to 'buy now and pay later' are not a new concept, but have re-emerged recently in popularity with consumers.

Shoppers are enjoying the glee and feels of a new purchase and then having the expense budgeted out to be paid off over time.

Laybuy  managing director and founder Gary Rohloff spoke to The AM Show.

Watch the video.

Contact Newshub with your story tips:
news@newshub.co.nz