MTN Ghana has positioned itself at the forefront of Ghana’s credit scoring revolution with the launch of its “Pick and Pay Later” service.
This initiative, developed in partnership with MobileMoney Ltd and Access Bank Ghana PLC, allows customers to acquire smartphones on flexible payment terms based on their creditworthiness.
The service leverages MTN’s credit scoring engine to assess customers’ financial reliability, offering a unique opportunity for Ghanaians to access smartphones without the need for full upfront payments. Customers can make an initial payment and complete the balance in instalments over four or six months via MTN MoMo.
Under the scheme, customers can select a smartphone, make an initial payment, and complete the remaining balance through instalments over four to six months via MTN Mobile Money (MoMo). The range of smartphones offered will be based on individual creditworthiness, assessed through a credit scoring engine integrated with the MTN network.
To access the service, customers can dial *170#, navigate to Financial Services, and select “Device Pick and Pay Later” under the Loans section.
With only 13% of the eligible population having access to credit facilities, this initiative addresses a critical gap in Ghana’s financial ecosystem.
“This initiative reflects our commitment to empowering Ghanaians with tools for digital connectivity and economic participation,” the Chief Commercial Officer of MTN Ghana, Noel Kojo-Ganson,.
The initiative aligns with Access Bank’s vision of supporting a cash-light economy and promoting digital financial solutions. Group Head of Retail Banking at Access Bank Ghana, Matilda Asante-Asiedu, emphasized the importance of such partnerships in bridging financial gaps and enabling Ghanaians to participate in the rapidly evolving digital economy.
The “Pick and Pay Later” service is supported by key partners, including Hollard Insurance, PaySwitch, and Atlantic Phones, ensuring seamless delivery and enhanced customer experiences.
The initiative is also supported by several partners, including Hollard Insurance, PaySwitch, and Atlantic Phones, to enhance customer experiences. The service offers a variety of 4G-enabled smartphones, catering to entry-level and mid-tier markets.
MTN’s collaboration with Access Bank aims to drive digital transformation by making smartphones more affordable. The initiative also facilitates access to digital banking services and encourages broader adoption of financial technology solutions.
This move aligns with Ghana’s goals of expanding digital connectivity and financial inclusion, positioning MTN and Access Bank as key players in fostering a more connected and financially empowered population
