Digital payments solution provider Onfon has unveiled its Buy Now, Pay Later (BNPL) services in Kenya, offering consumers an array of smartphones.
Through Onfon’s new platform, customers can now access smartphones from brands such as Samsung, Realme, Techno, Infinix, Itel, Nokia, Vivo, and Oppo.
The BNPL market has seen explosive growth over the past few years, driven by technological advancements and changing consumer preferences.
In Kenya, the service is seen as an affordable way of acquiring shirking buying power due to harsh economic dynamics, with firms such as Safaricom, Aspita, M-Kopa, and Flexy offering it.
BNPL is a type of short-term financing that allows consumers to make purchases and pay for them over time, often without interest if payments are made on schedule.
Did you read this?
