Bolt Customers in Nigeria to Enjoy Ride-Now-Pay-Later Service

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Bolt Kia Rio Header
Bolt Kia Rio Header

Bolt has introduced a ride-now-pay-later option in Nigeria, in partnership with Nigerian BNPL start-up, Credpal.

The option means Nigerians will soon be able to take quick rides anywhere and pay for them later.

Credpal, a BNPL startup based in Nigeria, has developed Ride-On, its product offering that serves as a checkout option on Bolt, instead of cash or card. The flow is simple: Credpal pays for its users’ day-to-day Bolt rides during any given month and requests bulk repayment by the month’s end—which coincides with payday.

“This partnership gives riders access to a much-needed alternative that meets their mobility needs…” Bolt’s country sales manager, Kwaku Ampadu-Manu said.

Meanwhile, the high cost of ride-hailing services is a issue in Nigeria, just like in other countries across Africa. So, industry watchers are still asking whether Nigerians would turn a blind eye to the costs because they can pay later?

This is a question the market would eventually answer as Credpal takes on this mission to integrate credit facilities into the day-to-day lives of Nigerians. Hopefully, Credpal proves the existence of its market, just as India’s Ola Money was able to do with its BNPL offering for cabs.

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