Forgot Password?
Stats: 1,337 Members, 180 Posts,
Date: Saturday, 27 February 2021
s
HOME | FORUM | Business | Politics | Food | Lifestyle | Technology | Education | News | Entertainment | Sports | Agriculture |


Posted By: key2naira | 7th October 2020 | 0 | 9

Nigerians embrace smartphone financing scheme

To cushion the effects of bad economy on their finances, more Nigerians are embracing smartphone financing schemes. The scheme allows intending users without adequate funding at hand to get a device of their choice after making an initial deposit, with the remaining balance spread over a period of time.

Electronic commerce platforms, gadgets platforms, and banks have introduced the scheme, which is gradually gaining attention. The scheme is not limited to Nigeria, as it has gained more traction, even better, in countries including South Africa, Kenya, Egypt, and some sub-Saharan Africa (SSA).

Already, through this scheme, the Global System for Mobile telecommunications Association (GSMA), predicted that smartphone connections in the region will hit 700 million by 2025. GSMA expects Nigeria to have 154 million, South Africa 73 million, and Kenya 47 million connections.

Currently, estimates from different sources put the number of smartphone users in Nigeria at between 25 and 40 million. The exact number of users is hard to pin down.

However, available data show a strong growth outlook for the local smartphone market with user numbers to at least triple within the next five to six years.

GSMA noted that smartphone adoption in SSA is rising but lags behind global average (64 per cent at the end of 2019) by a considerable margin.
Affordability, especially of 4G-enabled devices, remains a key barrier to smartphone adoption in Nigeria and other parts of Africa.

Indeed, GSMA in its, “The Mobile Economy Sub-Saharan Africa 2020” report, observed that the average selling price of smartphones has reduced significantly in recent years, with the influx of sub-$100 devices from Chinese brands such as Tecno and Infinix, and the growing momentum behind the KaiOS-powered smart feature phones.”


0 Comment

RELATED POSTS

The new Fundall claims to be the smart bank you ne...

Building on the feedback of several earlier adopters that grew over time—to about 11,000 as at...

READ MORE
0
4
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 4

Millionaire West African Startups: Nigerian invest...

Across Africa, investors continued interest in startups has significantly increased the amount of ca...

READ MORE
0
12
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 12

Kenya’s plans for digital taxes and its data prote...

Kenya’s plan to enforce taxes on digital services and global tech giants and some provisions o...

READ MORE
0
11
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 11

Serial entrepreneurs in West Africa received the m...

Founding more than one startup is common among founders globally. And Techpoint Africa‘s&...

READ MORE
0
7
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 7

You’ll soon be able to permanently mute WhatsApp m...

Online instant messaging platform, WhatsApp has reportedly started testing an updated feat...

READ MORE
0
6
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 6

Rising digitalisation exposes inadequacy of teleco...

Many businesses have seen the need to cut costs and reduce travel time by digitalising many of their...

READ MORE
0
6
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 6

Aquila appointed as MTN Nigeria fleet management p...

Aquila Leasing Limited (Aquila), an indigenous leasing firm, has been appointed as fleet management...

READ MORE
0
6
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 6

Equipment manufacturers to deepen Nigeria’s digita...

Samsung, Dell Technologies and other original equipment manufacturers have formed an alliance with T...

READ MORE
0
11
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 11

Glo unveils online school management tool

Globacom has unveiled a new service designed to boost education in the country. A statement by the...

READ MORE
0
6
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 6

Amazon unveils payment by hand-waving

Amazon on Tuesday unveiled a new biometric payment system using palm recognition, to be made availab...

READ MORE
0
4
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 4

NCC asks telcos to compensate subscribers

The Nigerian Communications Commission and senior executives of telecommunication companies have agr...

READ MORE
0
10
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 10

New Google policy discouraging young innovators –E...

Technology experts say the new policy introduced by Google to charge 30 per cent commission on in-ap...

READ MORE
0
4
7th Oct 2020
Posted By: key2naira | 7th October 2020 | 0 | 4

Older Posts

    New Google policy discouraging youn... 4
    NCC asks telcos to compensate subsc... 10
    Amazon unveils payment by hand-wavi... 4
    Glo unveils online school managemen... 6
    Equipment manufacturers to deepen N... 11
    Aquila appointed as MTN Nigeria fle... 6
    Rising digitalisation exposes inade... 6
    You’ll soon be able to permanently... 6
    Serial entrepreneurs in West Africa... 7
    Kenya’s plans for digital taxes and... 11
    Millionaire West African Startups:... 12
    The new Fundall claims to be the sm... 4
    Nigerians embrace smartphone financ... 9