MTN Ghana, in partnership with MobileMoney Ltd and Access Bank Ghana PLC, has launched “MTN Pick and Pay Later,” a service enabling customers to purchase smartphones with flexible payment plans.
How it works
- Customers select a smartphone, make an initial payment, and pay the balance in 4 or 6 monthly installments via MoMo (MTN Mobile Money).
- Creditworthiness, assessed by MTN’s credit scoring engine, determines available smartphone options.
- Access the service by dialing *170#, navigating to Financial Services, and selecting “Device Pick and Pay Later” under Loans.
What They’re Saying
- MTN’s Chief Commercial Officer, Noel Kojo-Ganson, highlighted the initiative’s role in providing access to high-speed internet and modern devices: “Everyone deserves the benefit of a modern, connected life.”
- Access Bank’s Matilda Asante-Asiedu noted its impact on financial accessibility: “Only 13% of eligible Ghanaians have access to borrowing. This program bridges the gap, empowering more individuals in an increasingly digital world.”
What’s next
- Supported by partners like Hollard Insurance, PaySwitch, and Atlantic Phones, the service offers a range of affordable 4G smartphones.
- MTN aims to boost adoption of digital financial solutions, particularly among underserved and unbanked populations.
