CredPal has partnered with Slot, the leading retailer in electronics and gadgets. This partnership will allow customers who want to purchase mobile phones, gadgets, household appliances, and electronics to “buy now and pay later”.
About Slot Systems
Slot Systems is the leading retail company for affordable and durable mobile phones, computers, accessories, household appliances, and various types of electronics. The company was founded in 1998 and has been serving Nigerian customers for over 20 years with over 70 branches located in different parts of Nigeria. This partnership enables Slot to offer a convenient and flexible payment option to its customers, while CredPal continues to build a strong foothold within the consumer credit and retail space.
Why retailers need buy now, pay later
With this service, CredPal helps business owners to solve problems such as abandoned carts, and a decline in sales due to customers’ lack of funds. Using a buy now, pay later service offers retailers the guarantee to gain an increase in sales, retain existing customers, and acquire new customers.
Commenting on the partnership, Stella Agwu, the Business Development Manager of Corporate Sales at Slot Systems, said that one of the key reasons for this partnership is because CredPal is one of the few buy now, pay later services that offer enormous spending power to their customers. A statement that has been reiterated by other merchants that CredPal has partnered with.
In recent times, the African continent has experienced an upshot in buy now, pay later with the acquisition of South Africa’s Payflex by Zip and CredPal is pioneering this space not just by offering this service across industries like hospitality, fashion, beauty, and the rest; it’s also partnering with major retailers like Slot to reach millions of customers in Nigeria.
Read more about CredPal’s eat now, pay later partnerships with restaurants in Lagos.
CredPal’s service allows customers to get anything they want either online through the CredPal mobile app or offline in the store of the merchants. With CredPal, customers can buy, eat, travel, chill, lounge, and pay later. The company continues to partner with retailers in different industries across Nigeria and intends to contribute significantly to the disruption of buy now, pay later within and outside Nigeria.