Top 10 Buy Now Pay Later Apps In Nigeria

Currently, the concept of “buy now, pay later” has gained immense popularity in Nigeria. This innovative payment method allows consumers to purchase goods and services upfront and pay for them in installments over a specified period. With the rise of digital platforms, several buy now, pay later apps have emerged in Nigeria, offering a convenient and flexible way to shop. In this article, we will explore the top 10 buy now, pay later apps in Nigeria, where we are going to highlight their features, benefits, and how they have helped Nigerians meet their purchasing needs even when they don’t have cash at hand to pay for them upfront.  

Buy Now, Pay Later Apps In Nigeria

Top 10 Buy Now Pay Later Apps In Nigeria

There are numerous buy now, pay later apps in Nigeria that have been offering installment payment services to their numerous customers. The apps are enumerated below with their features attached:

1. Carbon Zero 

Carbon Zero, previously known as Paylater, is a popular Nigerian financial services app that offers a buy now, pay later service. Along with personal loans and other financial services, Carbon Zero allows users to split their purchases into manageable installments. The app provides instant loan approvals and flexible repayment terms, ensuring a stress-free shopping experience. Carbon Zero’s user-friendly interface and quick customer support have made it a trusted buy-now, pay-later option among Nigerians. Your purchases at Carbon Zero can be spread over three months, but you can request an extension to six months.  However, you will be required to make a 25% down payment of the total amount of your purchase at first.

Buy Now Pay Later Shops In Nigeria That Partners With Carbon Zero

The stores in Nigeria that works with Carbon Zero include:

  1. Solar Flares
  2. Piqit
  3. Ebeosi
  4. VG stores
  5. Prag
  6. Sales 366
  7. Ansvel 
  8. Babyliss 
  9. Argonne World
  10. Konga
  11. Electromart
  12. I store
  13. The Simba Den

2. JumiaPay

JumiaPay is one of Nigeria’s leading buy now pay later apps, it offers a wide range of products across various categories. With JumiaPay, users can shop for electronics, fashion, home appliances, and more, and pay for their purchases in installments. The app provides a simple, easy  and secure payment experience, with flexible repayment options and competitive interest rates. JumiaPay also offers exclusive deals and discounts, making it an attractive choice for Nigerian shoppers. JumiaPay Installments allow customers to split their payment into several installments, often ranging from 2 to 12 months. The specific installment options available may depend on the total order value and other factors.

3. CredPal

CredPal is a fintech company based in Lagos, Nigeria, that offers a buy now pay later service. It allows users to make purchases and pay for them in installments over a specified period of time.

With CredPal, customers can use the app to shop at partner merchants and select the “Pay Small Small” option at the checkout. This enables them to split their payments into manageable installments. The app provides instant loan approval and a hitch-free shopping experience.

To use CredPal, you would typically need to download the app from the Google Play Store or Apple App Store and create an account. After registration, you may be required to provide necessary information and undergo a verification process to assess your creditworthiness. Once approved, you can start making purchases and repay in installments as per the terms agreed upon. However, CredPal repayment plans range from six to twelve months depending on your credit score. Meanwhile, customers who are able to repay their loan within 30 days enjoy an interest-free loan.

Buy Now Pay Later Stores In Nigeria That Partners With CredPal

  • Adidas
  • Precise
  • LG
  • Sales 366
  • Sketchers
  • Just rite
  • Fixit45
  • Dream works
  • Shoprite 
  • Slot
  • Jumia Food
  • Hard Rock Cafe
  • Pointek
  • Bukkahut
  • Image Stores
  • Airtel
  • Cakehub
  • Mykonos on the roof
  • Joffe hut.

4. PayFlexi 

This is a fintech company based in Lagos, Nigeria, that offers a flexible payment solution for online and offline purchases.With PayFlexi, users can make purchases and choose to pay in installments over a specific period of time, typically ranging from one to six months. The app allows customers to spread their payments, making it more affordable and convenient for them.

To use PayFlexi, you would typically need to download the app from the Google Play Store or Apple App Store and create an account. After registration, you may be required to provide necessary information and undergo a credit assessment. Once approved, you can start using PayFlexi to make purchases and select the pay later option at partner merchants’ checkout. You will be required to make a 40% down payment before spreading the remaining 60% over months.

PayFlexi charges a service fee or interest on the installment payments, which can vary depending on the merchant and the specific terms agreed upon. Hence it’s important to carefully review the terms and conditions, including interest rates and repayment periods, before making any purchases using PayFlexi.

Buy Now Pay Later Stores In Nigeria That Partners With PayFlexi 

  • RegalPlanet
  • Micserah
  • TravelNow
  • Orbitbaby
  • Z Mart
  • Smartprintsink

5. PayQart

PayQart is one of the popular companies in Nigeria that offers buy now pay later services. It allows customers to make purchases and defer the payment to later dates on installment basis.

If you opt for PayQart payment option at checkout, then you may choose to repay the loan weekly or monthly basis  for over a period of 2 – 6 months depending on what is suitable for you.

However, you are expected to buy products that are worth at least 50,000 before you can use PayQart. This means that if your purchases are less than 50,000, you won’t be able to use PayQart.

Buy Now Pay Later Stores In Nigeria That Partners With PayQart

The online and offline stores that partners with PayQart to offer buy now pay later service include:

  • Panasonic
  • Samsung
  • Reohob
  • Tecno
  • Spredda
  • LG
  • Zerofinance
  • Nexus

6. Paywithspecta

 Paywithspecta is one of the online digital platforms that offers buy now pay later services, they operate both online and offline. 

Paywithspecta is designed such that you can get up to 30% of your loan as cash, this means you won’t be mandated to buy goods with all the loan unlike other buy now pay later platforms. Interestingly, the platform doesn’t charge fees or interest if you are able to repay your loan within three installments. However, you will be charged interest if you spend between 7 to 12 months repaying your loan. 

Buy Now Pay Later Stores In Nigeria That Partners With Paywithspecta

The online and offline stores that partners with Paywithspecta to offer buy now pay later service include:

  • Slot
  • Cars45
  • Jamara Home
  • JMG ltd
  • DOe Resources
  • Elveco Stores
  • AdvanceCare Medicals
  • Autochek
  • Imperium
  • Allbase Global Energy
  • Just Fragrance
  • Argonne
  • Zoomba Digitals
  • Shopaz Hub
  • LG
  • Mutual Benefits Life Insurance
  • JustFones

7. Zoomba

Zoomba is a digital financial platform that allows customers to buy products and defer the payment to a later date. However, you will be required to make an initial down and a monthly installment plan for purchases that is worth more than 20,000.

With Zoomba, you can buy different products like groceries, electronics, home appliances and beauty products. Zoomba allows users to repay their loans via co-operative or any other means that you are comfortable with.

8. Spredda

Spredda is a popular digital marketplace that allows customers to make purchases and defer the payment to a later date. Apart from buy now pay later offer, Spredda also offer pay on delivery services.

With Spredda you can buy high-tech products  like computers, generators, furniture, and beauty products at a competitive price. The company pays off the entire price while they will collect installment from their customers.

Meanwhile, at checkout you will be required to make a 20% down payment while you are expected to pay the remaining unpaid amount within three months.

9. NowLater

Nowlater is also a popular online platform that offers buy now pay later services to Nigerians. 

The platform offers installment plans of three, six or 12 months depending on what is suitable for the customer.

With NowLater, you can buy different durable products like home appliances, groceries, furniture, food, electronics, beauty and fashion products and defer your payment.

10. CDcare

CDcare is a digital marketplace in Nigeria that allows users to buy products and defer the payment to a later date. Currently, it has over 1,000 active customers and is still counting. Their plans don’t come with interest or fees.

With CDcare, you can buy different gadgets or home appliances and opt to repay the loan either weekly or monthly. However, before CDcare can allow you access to the product you purchase you must have paid half of the cost price installmentally.  It is worthy to note that CDcare is powered by Flutterwave. However, we strongly recommend that you read and understand their terms before opting in because the terms can’t be changed once payment has commenced and the installment payment must be completed once it commences. So be guided!

Conclusion 

The rise of buy now pay later apps in Nigeria has revolutionized the way Nigerians shop and manage their expenses. These apps offer convenience, flexibility, and affordability, allowing users to make purchases upfront and pay later in installments. Whether it’s electronics, fashion, or home appliances, the top 10 buy now pay later apps in Nigeria, such as JumiaPay, Carbon Zero, and NowLater, provide a seamless and secure shopping experience. By embracing these innovative payment solutions, Nigerians are enjoying the benefits of financial flexibility while making their desired purchases.

Leave a comment