In a bid to include more low-income individuals into the digital space, Credit Mall Limited has launched the Buy Now, Pay Later with Ascend Smartphone Financing Initiative.
According to the Managing Director of Credit Mall Limited, Gerard Badaweh Yitamkey, the initiative aims to ensure that many Ghanaians have access to smartphones through a suitable payment plan.
Speaking at the launch of the Ascend Smart Phone Financing initiative, he said the payment plan can be daily, weekly, monthly or whatever suits the customer's budget.
Meanwhile, after making the 10% down payment, the remaining cost of the smartphone must be paid off within six months.
"We are here to introduce a revolutionary product, smartphone financing. It means that with a little down-payment, you can walk away with a brand new smartphone in your pocket and you pay for it daily, weekly, or monthly or whatever suits your budget," the CEO of Credit Mall said at the launch of Ascend.
He added that "The maximum time to pay off the phone after acquiring it is six months."
Persons who acquire the smartphone after making the initial down payment and refuse to settle the remainder of the cost will, however, have their mobile devices locked.
This means that the users cannot receive or make calls, as well as send messages, he explained.
Currently, only Android phones such as Samsung, Tecno, and Infinix are available under the scheme.
SA/AE
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