Buy Now, Pay Later

BNPL in Africa.

What are the BNPL options available in Africa?

In recent years, several BNPL options have emerged in Africa, including:

M-KOPA: This Kenyan company provides a pay-as-you-go solar energy system that allows customers to make payments in installments over time.

Carbon Zero: This Nigerian company provides a BNPL service that enables customers to purchase items and pay for them over a period of time.

Payflex: This South African company provides a BNPL service that allows customers to purchase items and pay for them in four interest-free installments.

Lipa Later: This Kenyan company provides a BNPL service for purchases of consumer goods, such as electronics, furniture, and appliances.

Jumia Pay: This African e-commerce platform provides a BNPL service for purchases made on its platform.

What should users consider before using BNPL services in Africa?

Before using BNPL services in Africa, users should consider the following factors:

Interest rates and fees: BNPL services typically charge interest or fees on deferred payments, so users should ensure that they understand the costs involved.

Repayment terms: Users should carefully review the repayment terms, including the frequency of payments and the total repayment period, to ensure that they can afford to make payments.

Credibility and reputation of service providers: Users should check the credibility and reputation of BNPL service providers to avoid fraudulent activities.

Financial responsibility: Users should carefully consider their financial situation and ensure that they can afford to make payments before opting for BNPL services to avoid accumulating excessive debt.