10 Best BNPL Platforms in Africa for Buying Phones

Do you wish to own a new phone in Africa but you can not afford to pay the price in its entirety? With the help of different platforms like Buy Now, Pay Later (BNPL) it became possible to purchase CD Care phones via the CD Care app and pay for them in several installments. 

This is one of the ways BNPL is currently changing the way people shop for phones and other consumer durables. This trend is famous as “Buy Now, Pay Later” (BNPL), and it is comparatively new; nevertheless, there are multiple platforms existing in Africa now. 

In this article, we shall be looking at the 10 Best BNPL Platforms in Africa for Buying Phones; Platforms like Keza Africa. Regardless of the country you are in: Nigeria, Kenya or anywhere else in Africa, these platforms can assist you to own the phone of your dreams today. 

Now let’s take a look at some of these BNPL platforms like the CD Care phones or CD care app and see just how they can assist you in getting the phone that you want today and pay for it at a later date! 

What is BNPL and How Does it Work for Phone Purchases?

Buy Now, Pay Later (BNPL) is a financing solution which enables people to acquire goods, such as phones and pay for them in tractled amounts over a particular period with minimal or no interest.

In BNPL, the provider pays the retailer the full amount upfront while the consumer pays the provider in Installments usually on a weekly or monthly basis.

For example, using the CD Care phones or CD Care app, the buyer pays one-third of the cost at the time of the purchase Then pays another one-third after thirty days and the final one-third after sixty days. 

It is accessible through online and physical stores; budgetary freedom is available since the retailer is paid in full on the spot.

Read Also – Infinix Phones on Loan in Uganda

What are the Benefits of Using BNPL for Buying Phones in Africa?

The use of Buy Now Pay Later (BNPL) services have quickly become popular in Africa and allow people to easily finance the purchase of smartphones. Here are some of the key benefits: 

1. Increased Accessibility: Consumers get an opportunity to own smartphones without having to pay for it at first instance which also makes these high value devices affordable in the face of economic difficulties. 

2. Flexible Payments: BNPL enables the users to make staggered payments over a period of time which is good for those with little surplus cash. 

3. Higher Average Order Value: While the nature of their trade, end-users have realized that when flexible payment methods are offered, they are likely to purchase more items and equal more profits for the retailers as the average order values have shown to rise greatly. 

4. Enhanced Customer Experience: Another advantage of BNPL is that it makes shopping more convenient hence customers end up being loyal to the offer and would always use it when shopping. 

What Are the 10 Best BNPL Platforms for Buying Phones in Africa?

BNPL services have, therefore, caught on rather well in Africa, thus giving buyers the flexibility to make certain purchases, including smartphones. Below are some of the best BNPL platforms for buying phones in Africa.

1. Keza Africa

Keza Africa is one of the leading Buy Now, Pay Later platforms that provides an avenue for buying smartphones across Africa. It allows buyers to pay in installments for the devices they purchase.

The service is most useful to the financially strained because, through this service, one is given an opportunity to access essential technology at no upfront charge. 

Keza Africa’s ease of use and speed of approval make it more accessible; hence, it is one of the best BNPL platforms in Africa to buy phones. 

Its mission is reducing the digital divide by granting consumers the power of acquiring essential gadgets at an affordable cost. 

2. CD Care

Another significant BNPL service in Africa targets mobile phone financing and is referred to as CD Care phones.

This company gives customers a chance to own gadgets at an affordable and easy installment via the CD Care app, hence making technology open to many. In addition, CD Care phones provide users with simplicity in application and flexibility in repayments.

This approach means that several people have financial barriers to acquiring smartphones; hence, placing CD Care phones as one of the best BNPL platforms in Africa for buying phones.

3. Zilla

Zilla is one of the rising BNPL platforms in Nigeria that offers consumers a chance to buy gadgets with an initial deposit. One can pay 25% upfront and make the rest of the payments over eight weeks.

Zilla appeals especially to people who want to own smartphones without having to pay for them directly, thanks to its seamless registration process and interest-free payment plans. 

Zilla seals the deal with a focus on affordability and access, hence making it one of the best BNPL platforms in Africa for phone purchases.

4. Lipa Later

Lipa Later is a Kenyan BNPL startup that offers users the ability to purchase smartphones and pay every month for a year. It offers consumers, on its own, an option for robust financing with a credit limit of KSh 500,000. 

Considering the platform’s focus on financial inclusion and e-commerce integration, it goes ahead to secure an African market lead spot.

It is also considered one of the premier BNPL platforms in Africa, where one can purchase phones to surmount financial obstacles to technology access.

5. Payflex

Payflex is a South African-based company that offers a relatively straightforward BNPL solution for buying gadgets. This platform allows customers to purchase smartphones and pay for them in four interest-free installments within six weeks.

Ease of movement around the platform and simplifying the sign-up process make the platform more attractive and accessible to consumers. 

At an affordable price, Payflex is among the best BNPL platforms in Africa for buying a phone. It is a way of bridging access to needed technologies.

Also Read – EasyBuy: Empowering Smartphone Users With Instant Loans

6. Credpal

Credpal is a BNPL platform that offers consumers flexible payment options when purchasing smartphones.

They can buy gadgets from various retailers and pay in installments, making it affordable for low- and middle-income earners to own technology devices.

This new thinking by Credpal in offering finance befits the increasing demand for affordable gadgets, thus sealing their place as among the top BNPL platforms in Africa to buy phones.

7. Easybuy

Easybuy is a Palmcredit-operated mobile gadget financing platform that focuses on Nigeria. 

It grants customers the opportunity to purchase smartphones on credit, hence giving them the ability to make payments in installments, which are generally very friendly and budget-friendly. 

The user-friendly platform of Easybuy and a commitment to seeing technology in the hands of everyone make it one of the most important players in the BNPL landscape and one of the best BNPL platforms in Africa when it comes to purchasing phones.

8. Rayda

Rayda is one of the popular BNPL services that consumers use to buy smartphones on credit. 

It provides flexible repayment plans, hence making it more convenient for users to buy a device without feeling like they have to pay all costs upfront.

Attention to customer convenience and ease of access from Rayda places the company among the best BNPL platforms for buying phones in Africa, targeting a more tech-savvy consumer base.

9. MKopa

MKopa has specialized in providing financing for smartphones and other gadgets, which can enable customers to pay for technology in installments that they can afford.

This platform is unique in device financing and committed to financial inclusion, making it one of the best BNPL platforms to buy a phone in Africa.

10. Justfones

Justfones is an emerging BNPL platform for smartphones on installments.

It tries to make recent gadgets more affordable for end customers by being in a position to budget more conveniently.

Justfones happens to be one of the best BNPL platforms in Africa for purchasing phones, putting phone affordability into consideration and ensuring customer satisfaction by serving a wide array of consumer needs.

Read Also – M-kopa Phones on Loan in Uganda

How Do I Sign Up for BNPL Services to Buy a Phone?

Here is the step-by-step process for signing up for BNPL services to buy a phone in Nigeria.

1. Download the BNPL App

Download the mobile application of the BNPL provider through which you want to avail of the service.

2. Create an Account 

Open and tap “Sign Up” or “Create Account”. Fill in your personal information, such as name, email, phone number, etc.

Provide your bank account details.

3. Complete KYC

Upload a valid ID, such as a driver’s license or international passport. In this regard, provide your BVN. Provide recent bank statements.

4. Get Approved

In this regard, the BNPL provider will consider your application and credit profile. You’ll be allowed to proceed to select the particular phone you want to buy after your approval.

5. Make Down Payment

Normally, make an initial down payment of about 20-30% of the phone price. You have the opportunity to pay the remaining balance over 3-12 months in installments.

6. Pick Up or Delivery

Get it from an accredited vendor once approved. Some of the providers are also giving delivery at your doorstep.

The whole process takes approximately 30 minutes or less. With BNPL, you can get your dream phone today and pay later in installments.

What are the Eligibility Criteria for Using BNPL Platforms to Purchase a Phone?

Most BNPL platforms like CD Care phones have some basic and almost similar eligibility criteria when considering buying a phone through them. In that sense, it includes the following: 

1. Age: A minimum of 18 years or above is acceptable. 
2. Citizenship: Should be citizens of the country in which such services are on offer. 
3. KYC Compliance: Has to comply with Know Your Customer verification. 
4. Identification: Valid ID proof such as Aadhar Card, driver’s license, etc. 
5. Income: Should possess a fixed source of income or employment.

Other requirements for some providers may include a credit check, which is most relevant for longer terms of financing.

Also Read – Safaricom Phones on Loan in Kenya

How to Choose the Right BNPL Platform for Buying a Phone in Africa?

For choosing the right Buy Now Pay Later platform to buy a phone in Africa, consider the following aspects:

1. Partnerships: Choose a platform that has extensive partnerships with retailers, for example CD Care phones, so that you may purchase from the stores of your choice.

2. Payment Options: Get the benefits of flexible payment terms and interest rates that fit your budget. A few of the platforms do offer options for interest-free options if paid in short terms.

3. User Experience: Choose a service provider with ease of interface and transparent terms to assure a better shopping experience.

4. Security: The platform should ensure stringent measures to safeguard your information.

All said and done, the above factors will help you decide on a BNPL platform that will best meet your requirements and financial capabilities to buy a smartphone in Africa.

Are There Any Risks or Drawbacks to Using BNPL for Phone purchases?

BNPL platforms like CD Care phones may make phones more accessible; however, there are risks associated with the use of this service that a consumer should consider. These are:

1. Overspending: It is very easy to overspend because there will be multiple outstanding payments that can become well and truly out of control.

2. Fees and Interest Charges: Failure to make timely payments may include a late fee payment, adding more cost to the purchase.

3. Credit Impact: Late or missed payments ding your credit score, as some BNPL providers report delinquencies to credit bureaus.

4. Complicated Returns: Returning an item that has been paid for with BNPL may delay a refund and continued payments until the return is processed.

Consider your budget and if you can afford to pay back what you spend using BNPL on purchasing a phone first, considering the possible pitfalls. If not, they may be better off seeking other methods of financing for that purchase or saving to buy it.

Final Thoughts 

The 10 Best BNPL Platforms in Africa for Buying Phones make the dream of owning a smartphone quite affordable, given their flexibility with respect to payment. 

For instance, CD Care phones and Keza Africa allow users to own devices by breaking up the costs of such gadgets into manageable installments. This is quite crucial for people who face economic challenges.

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Reference 

• www.benjamindada.com – Buy Now, Pay Later alternatives for gadget purchases in Africa
• www.softwaretestinghelp.com – Top 8 Buy Now, Pay Later Apps, Websites & Companies in 2024

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