Kenyans will get access to smartphones through a new agreement.
With more individuals realizing the benefits of having access to the Internet in the palm of their hand, smartphone adoption is continuing to rise. The Buy-Now-Pay-Later startup Lipa Later and technology giant Telkom have teamed up to provide Kenyans with a product financing option that will make it simpler for them to buy smart mobile devices.
Through the cooperation, both businesses hope to increase customer access to these gadgets by offering cheap monthly payments.
Telkom CEO, Mugo Kibati, said:
“We are excited to announce this partnership as it speaks to our belief that access to Mobile Data is a fundamental human right. This is due to its strategic potential to progressively address digital inclusion; ensuring the benefits of the Internet and digital technologies are available to more Kenyans, consequently empowering the digital economy,”
The mobile industry and ecosystem participants have a lot of room to grow smartphone affordability across these consumer categories, according to the Global Systems for Mobile Communications Association (GSMA).
“We want to enable our customers to have access to a wide range of authentic products and services, affordably and conveniently. Through this partnership with Lipa Later, our customers will also be able to enjoy affordable Mobile Data through our products.”
Consumers can walk into any Telkom shop, sign up with Lipa Later, receive a credit limit in less than 5 minutes, choose a device of their choosing with no deposit, connect to mobile and broadband services, and pay for the same in up to 12 monthly instalments, according to Lipa Later CEO Eric Muli.
“Additionally with our integration with UzaPoint, the process at the checkout till will be seamless for the consumer across all the Telkom outlets in the country,”
Customers will have access to a selection of phones from companies including iPhone, Nokia, Oppo, Realme, Tecno, Ulefone, Vivo, Xiaomi, Huawei, Bontel, and Itel thanks to this relationship.
Retailers now provide clients with Buy Now Pay Later options that let them buy necessities by selecting a reasonable financing option and paying in instalments rather than the whole amount at once. Buy-now pay-later payment market expansion is being accelerated by the growing use of online payment methods in emerging countries.