Kenya's Lipa Later and Mastercard join forces to accelerate Buy Now, Pay Later solutions across Africa
Kenyan startup Lipa Later has entered into a strategic partnership with Mastercard to accelerate the adoption of Buy Now, Pay Later (BNPL) solutions throughout Africa.
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.
Empower Africa Times Newsletter
You may also like...
Ugandan agritech startup Emata has secured $2.4 million in seed funding to expand its agri-loan offerings across East Africa.
Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.
Nigerian cold-chain startup Figorr (Formerly Gricd) raises $1.5 million to revolutionize perishables insurance
Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.