Device finance in Nigeria: A case for BNPL
In an era where a smartphone is no longer a luxury but a fundamental tool for economic survival, Nigeria's "affordability gap" has never been wider. With inflation squeezing disposable income, the traditional model of outright cash purchases is being replaced by the rapid rise of Buy Now, Pay Later (BNPL). This shift isn't just about convenience; it’s a strategic response to currency volatility and a lack of traditional credit infrastructure. By leveraging alternative data and "pay-as-you-go" technology, BNPL providers are turning the dream of high-end tech ownership into a manageable monthly reality for millions of Nigerians, ultimately driving the nation's next wave of digital inclusion
Frequently Asked Questions about MFB license
This FAQ is written for founders, operators, investors, and lending teams who are either planning to apply for a MFB license or already exploring what running one actually involves.
6 features in your loan app that chase borrowers away
Let's explore these potential red flags and how to ensure your loan app attracts, rather than repels, the very customers it aims to serve.