Industry Trends
Ship Now Pay Later financing option now available
At a time when shipping costs are skyrocketing to record highs for reasons well known, the logistics industry is slowly embracing Ship Now Pay Later (SNPL) financing option akin to the retail realm’s Buy Now Pay Later (BNPL). SNPL enables businesses and exporters to avoid paying total freight charges at once by offering easy repayment options up to 90-day credit cycles, thereby optimizing the cash conversion cycle to make crucial decisions on new products investments, hiring, and expansion among others. Read on to know more about SNPL.