Carbon Dives into Buy Now, Pay Later Market.

Carbon, a credit-led pan-African digital bank, has launched Carbon Zero, a buy now, pay later (BNPL) web app that allows customers to spread the cost of purchases into interest-free installments. Since its launch in 2021, Carbon Zero has received N2.3 billion in requests from 41,000 customers. Carbon's decision engines use proprietary technology to assess affordability and provide credit decisions in seconds. Customers can make purchases with interest-free credit by sharing their BVN and bank account number. Carbon Zero allows customers to spend up to N2.5 million, making it a popular choice for customers with higher purchasing power. The app charges zero percent interest on purchases repaid on time and in full in three installments, giving it an advantage over competitors. Carbon's CEO, Mr. Chijioke Dozie, believes that access to credit and financial services is a fundamental human right, especially as the costs of basic goods and services continue to rise. Carbon is a pan-African digital bank with headquarters in Lagos, Nigeria, and operations in Nigeria, Ghana, and Kenya. It was founded in 2012 as One Credit and has since expanded its services to include bill payments, airtime purchases, and free credit reports. [Extracted from the article]