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This collaboration signals a significant advancement in the region’s payment landscape, providing consumers with enhanced flexibility in managing their purchases.
Lipa Later has emerged as a pioneer in offering innovative credit solutions that allow consumers to make purchases and pay for them in installments.
This strategic alliance with Mastercard will amplify Lipa Later’s reach and impact, bringing BNPL options to a broader audience across the African continent.
The partnership aligns well with the growing trend of BNPL solutions gaining traction globally, as consumers seek more flexible and manageable ways to make purchases.
Through its technology and network, Mastercard will empower Lipa Later to scale its BNPL services efficiently and securely across multiple markets.
By allowing consumers to spread payments over time, BNPL solutions offer an alternative to traditional credit options and align with changing consumer preferences.
The Lipa Later-Mastercard partnership signifies a noteworthy advancement in the African fintech landscape, as BNPL solutions gain momentum and become an increasingly integral part of modern commerce.
This collaboration holds the potential to reshape consumer behavior and financial access, ultimately contributing to more inclusive and digitally empowered economies across the continent.
The state of B2B and end-to-end distribution in Africa is still in its early stages of development, but it is growing rapidly.
Ed Partners Africa, a Kenyan non-banking financial institution that specializes in providing loans to affordable private schools, has announced a $10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC).
Complete Farmer, a pioneering agritech company based in Ghana, has secured an investment of approximately €2.2 million (equivalent to $2.5 million) from the European Union-backed AgriFI initiative.