Telkom and Lipa Later partner to offer product financing with zero deposit fees

Technology company Telkom, and Buy-Now-Pay-Later company Lipa Later, have partnered to offer Kenyans a product financing solution that will make it easier to purchase smart mobile devices. With this partnership, both companies are looking to make these devices more accessible to consumers through affordable monthly installments.

• The partnership offers product financing that will make it easier for Kenyans to access smart mobile devices;
• Smart mobile devices will now be more accessible to customers through affordable monthly installments;
• This product financing solution is available at all Telkom shops across the country.  

Telkom is excited to announce this partnership as it speaks to our belief that access to Mobile Data is a fundamental human right. This is due to its strategic potential to progressively address digital inclusion; ensuring the benefits of the Internet and digital technologies are available to more Kenyans, consequently empowering the digital economy.

Telkom remains committed to enabling Kenyans be part of an interconnected world. We continue to have exploratory discussions with our partners to find solutions that will enable our customers have access to a wide range of authentic products and services, affordably and conveniently. Coupled with the easier access to smart mobile devices through this partnership with Lipa Later, our customers will also be able to enjoy affordable Mobile Data through our products such as the recently launched Changa Bundle which enables Kenyans to share data, minutes, voice and SMS.

Mugo KIBATI, Telkom CEO

Through this partnership, consumers will be able to access select phones from brands such as iPhone, Nokia, Oppo, Realme, Tecno, Ulefone, Vivo, Xiaomi, Huawei, Bontel, and Itel. The Global Buy Now Pay Later industry’s market size was valued at $90.69 Billion in 2020 and is projected to reach $3.98 Trillion by 2030, growing at a compound annual growth rate of 45.7% from 2021 to 2030.

We are delighted to kick start this partnership with Telkom that will enable both our customers to get and stay connected by acquiring mobile and data devices affordably. Consumers can walk into any Telkom store, sign up with Lipa Later, get a credit limit in less than 5 minutes, pick a device of their choice at zero deposit, and get connected to mobile and data services, and pay for the same in upto 12 monthly installments. Additionally with our integration with UzaPoint, the process at the checkout till will be seamless for the consumer across all the Telkom outlets in the country,

Eric MULI, Lipa Later CEO