CredPal has announced the launch of a merchant suite called Credpal Pay aimed at helping businesses increase sales through its buy now, pay later channel. Its advanced merchant suite has features ranging from payment links and QR codes for use by merchants to receive credit payment from customers who want to buy now and pay later, to a checkout plugin that helps merchants upsell on their e-commerce websites and a payment management system where merchants can view orders and reconcile payments – CredPal Pay is a holistic merchant suite that makes point of sale financing seamless.
According to Nairametrics, the company touts itself as “the pioneer of buy now, pay later in Nigeria” boasting of merchants across several industries. This launch comes weeks after the company announced partnerships with major industry players like Slot Limited, Fixit45, and JustRite Stores.
Hear from CredPal
Fehintolu Olaogun the CEO/Co-founder of CredPal, said that the impact of covid has extensively accelerated the move of big and small businesses to digital payments, an urgent adoption that has never been seen within the B2B landscape.
He further explained, “It was important to keep evolving our ‘buy now, pay later’ innovation to meet up with recent demands of the retail market. This way it’s not just the customers who enjoy the ease of payment but merchants also have a more convenient way to accept installment payment from their customers.”
According to Olorunfemi Jegede, COO/Co-founder, this is an opportunity for merchants to embrace not just a digital payment option but one that increases the purchasing power of their customers.
The company estimates that businesses using the CredPal Pay can boast of sales increase by over 32%, and also have exclusive access to business credit for operational cash flow and credit cards for their personal needs.
As the buy now, pay later strategy continues to gain momentum in Africa, Merchants using the Credpal platform are sure to benefit from its merchant suite.