Loan Financing Scheme for Smartphone Acquisition Begins in Nigeria

General Manager PayJoy Africa, Dominique Freidl; Group Head, Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilola; Managing Director, TD Mobile, Mrs. Gozy Ijogun; Sales & Distribution Executive, Mr. Adekunle Adebiyi, Chief Marketing Officer, Mr. Rahul De and Senior Manager Data & Devices, Mr. Abiodun Ajayi, of MTN Nigeria at the launch of MTN Device Financing Scheme in partnership with PayJoy and Sterling Bank held at Radisson Blu, Victoria Island, Lagos on October 31st, 2018.

A loan financing scheme particularly designed to foster growth in the acquisition and usage of smartphone in Nigeria which is expected to avail the citizens a better mobile connected life has now been rolled out.

Some companies in the nation’s private sector that share like minds on the benefits of smartphone to the socio-economy of Nigeria came together to design this seamlessly structured scheme tagged;MTN Device Financing Scheme officially launched on Wednesday.

These companies have made great impacts in the landscapes of banking, technology, E-commerce and telecommunication sectors with innovative and digital solutions respectively. They are; Telecommunication giant; MTN, Sterling bank, Samsung, Technology Distributor Mobile and Electronic Financing Solution Provider; Payjoy.

General Manager PayJoy Africa, Dominique Freidl;  Group Head,  Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilola; Managing Director, TD Mobile, Mrs. Gozy Ijogun; Sales & Distribution Executive, Mr. Adekunle Adebiyi, Chief Marketing Officer, Mr. Rahul De and Senior Manager Data & Devices, Mr. Abiodun Ajayi, respectively led their company’s team to the official launch and media meet in held at Radisson Blu, Victoria Island, Lagos.

One thing that is common with the companies is that with the launch of the loan scheme initiative over 80% of Nigerian feature phone users will be opened to embrace a better connected life and smart experiences among other lifestyle and socio-economy benefits of a digital connected mobile driven world.

Group Head,  Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilola; explained that any bank account operator with any of the commercial banks can access the loan scheme designed for acquisition of smartphone through MTN offices and can pay small small in a duration of six months.

He further explained that MTN agents have been trained on how to check on eligibility and credit worthy buyers though the electronic financing solution provided by Payjoy.. He made known that “there is an insurance package for the smartphone incase of theft and damage.”

According to the Senior Manager Data & Devices, MTN, Abiodun Ajayi, the Device Financing Scheme is opened to both existing and new subscribers of MTN network stating that there are Device Financing agents at MTN Offices across the nation.

Managing Director, TD Mobile, Mrs. Gozy Ijogun; confirmed at the media launch that “all origional Equipment Manufacturers are on board but the scheme kicked off with Samsung.”  She further noted that TD Mobile is onboard to ensure all the device are available at MTN designated offices nationwide at real time.

General Manager PayJoy Africa, Dominique Freidl; confirmed the position of MTN Nigeria and Sterling bank that the financing and accounting solution portal for the scheme is 100% secured and its particularly designed bridge the gap in the banking and telecommunication sector in the bid to foster a digital economy growth for Nigeria.

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The hallmark of this initiative speaks to the fact that Nigeria cannot afford to be left behind in the global digital revolution ecosystem which has foster a new frontline for innovators to strive with impact on  trade, service and customers engagements.

For more details on the scheme please visit Device Financing agents at MTN Nigeria Offices.