OPPO Mobile has today entered into a partnership with Lipa Later, a credit offering company that will allow customers to purchase OPPO devices by installment as it aims to increase the sales and set foot in the Kenyan market.
The payment plan will allow customers to enjoy a 3.5 percent interest rate on purchase of OPPO F7, a drop from the initial 4 percent.
The new arrangement will have a significant impact on the OPPO F7 and all OPPO devices sales that currently are performing well in the market because of the quality and uniqueness of the device:
According to the brand, since they launched the OPPO F7 in May this year, there has been increased uptake of the device because of its unique features including 25 Megapixel and Artificial Intelligence capabilities as well as its 6.23-inch Super Full Screen, the largest in the market. They believe through this credit payment option; more customers will have an opportunity to access this great device thus boosting our revenue in sales.
At the same time, Lipa later Claudine Gakundi, business development manager said: “We believe this partnership will give an opportunity to customers who would like to own a good smartphone and cannot pay upfront, but through installments. At Lipa later we guarantee full payment of your device as we give you an opportunity to pay without a hustle.”
OPPO is now confident that this partnership will increase sales of its products and accelerate smartphone mobile penetration into the country as Kenya is a strategic conduit in the Eastern African market.
The top tier mid-range Smartphone has a 25MP Artificial Intelligence selfie camera feature with 4GM RAM and 64GB ROM, and currently retails at Kshs. 35,990.
How to use Lipa later
This is how Lipa Later works: Log on to lipalater.com and apply for the product you would like to own. You then fill the response form, after which you will be notified whether you qualify for the item or not. If you do, you pay the stipulated deposit for the product and take it home with you. You pay the remaining amount in monthly instalments, which are determined by your income.
What determines your credit on Lipa later?
Phone data, mobile money usage, how much income one makes in a month and estimated expenses are just some of the close to 200 data points that are built into different algorithms that make up the key points used to decide an individual’s creditworthiness
