DAKAR, Senegal, Oct. 16, 2018 /PRNewswire-PRWeb/ -- In an effort to expand access to high-quality solar home system solutions and smartphone technology to a billion people worldwide, Baobab+ is licensing PayJoy's Checkout platform including its proprietary Lock technology. This will allow consumers to purchase a smartphone on the same pay-as-you-go basis as they already do Baobab+ solar solutions.
The Baobab+ and PayJoy partnership aims to democratise access to digital tools and technology in Senegal, Ivory Coast and Madagascar, bringing the social and economic benefits of the mobile Internet to unconnected populations. In addition to smartphone financing, Baobab+ is currently offering two specialised pay-as-you-go solutions:
- An EDUCA tablet preloaded with a selection of educational applications
- A BUSINESS tablet to help entrepreneurs optimise the performance of their business, including a simplified digital cash register solution to record sales, manage inventory, and track profit margins
The company plans to deliver new health, agriculture and education solutions in 2019. Tablets and smartphones provided via the pay-as-you-go model will also feature the Baobab app to give users to access multiple financial services. With pay-as-you-go as their first experience with credit, they could later become eligible for Baobab financial products and services.
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About Baobab+ Group:
Baobab+ is a leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa and China. Baobab+ offers a wide range of digital and mobile solutions that enable clients to simply, quickly and safely manage their finances. As part of its social performance strategy, we are committed to assisting Baobab customers beyond financial services. Baobab+ offers innovative, non-financial products to improve and transform the daily lives of African people and support their sustainable economic development.
Baobab+ - http://www.baobabplus.com
Laurie Maitenaz - Communications manager | [email protected]
About PayJoy:
PayJoy was founded in 2015 in San Francisco with the mission of making smartphone technology and financial services affordable to everyone worldwide. PayJoy's patented technology for locking smartphones and proprietary data science for underwriting customers enables people who lack credit to qualify for an installment plan to purchase their first smartphone. Today PayJoy offers finance to millions of customers in the US and Mexico, and is expanding throughout Latin America, Asia, and Africa in 2018. PayJoy's team of 60 professionals bring premier fintech experience from Google, Facebook, Amazon, PIMCO, McKinsey, Oportun, and Merrill Lynch. PayJoy is funded with over $30M of equity and debt from top fintech investors including Union Square Ventures.
PayJoy - http://www.payjoy.com
Dominique Friedl - General Manager Africa | [email protected]
SOURCE PayJoy
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