MTN Ghana has launched a new service, “MTN Pick and Pay Later,” in partnership with MobileMoney Ltd and Access Bank Ghana PLC. This innovative service allows MTN customers to purchase smartphones on a flexible payment plan, making it easier for them to access digital services.
With this service, customers can select a smartphone, make an initial payment, and pay off the remaining balance in installments over four or six months using MoMo. The smartphone options available to customers will be determined by their creditworthiness, which is assessed through a credit scoring engine on the MTN network.
According to Noel Kojo-Ganson, Chief Commercial Officer for MTN, this initiative aims to help customers who want smartphones but may have limited cash for upfront purchases. “We believe that everyone deserves the benefit of a modern, connected life, including having a good smartphone for high-speed internet services,” he said.
The partnership with Access Bank is crucial in reducing communication costs and promoting financial inclusion. As part of this collaboration, Access Bank will offer financing options for customers to purchase smartphones that enable access to digital banking services.
Mrs. Matilda Asante-Asiedu, Group Head of Retail Banking at Access Bank Ghana, emphasized the importance of this initiative, stating that “only 13% of the eligible population have access to borrowing, leaving a substantial gap for those who qualify but do not have access to finance.”
The “Pick and Pay Later” service is supported by other partners, including Hollard Insurance, PaySwitch, and Atlantic Phones, all of which provide various services to enhance customer experience. With a wide range of smartphone options available, this service aims to meet customers’ needs and support their ability to transact anytime and anywhere.
Ruth Abla ADJORLOLO
