Africa and BNPL fever

Can Africa Catch A Strangely Yet-Unloved Buy-Now-Pay-Later Fever?

By  |  October 7, 2021

When Martin Akwanga, 26, got bored of graphics design which he had done on a freelance basis for the past 3 years and decided to make a big switch to software development, he figured he needed a brand new PC. That’s because he wanted to be able to learn efficiently while also doing some design gigs on the side - up until when he doesn’t have to do make graphics stuff anymore.

His old, battered, and hand-me-down Dell Inspiron had clearly seen better days and Akwanga had identified a choice replacement: HP Pavilion 15. There was just one problem: it was going to cost him an arm and a leg.

At a market price of over NGN 300 K (~USD 730), Akwanga would have to shell out a lump sum that would erode most of the cash in his bank account to be able to buy the HP laptop, and that’s after years of painstakingly saving.

So, when a close friend hinted at a ‘less painful option which entailed taking possession of the device while paying for it in small instalments, it was bewildering that ...

Most Read

MPost Is Turning Phones Into Addresses In Fresh Push To Fix African E-Commerce

In the heart of Africa’s bustling tech scene, one long-standing startup remains steadfast

Headway Beyond Headlines: How Roscas Plans To Crack Mozambique’s Financially Underserved Market

While headlines trumpet a tech boom in Africa’s biggest economies, a quieter revolution

Ride-hailing Users Are Uneasy About Lagos Govt Collecting Real-Time Trip Data

A controversial issue—one that spotlights the complexities of privacy, regulation, and the evolving