Carbon Zero now allows customers to make direct transfers to merchants, providing them with an easier and more seamless experience to buy now and pay later for the things they love.

Carbon Zero is a Buy Now Pay Later product designed to help customers access credit to spread payments on goods and services at zero interest rates across retail and online stores. With the new direct transfer feature, customers can now make direct payments to merchants in addition to using their debit card.

According to Chijioke Dozie, the co-founder of Carbon, “We’re excited to introduce this new feature as part of our continued mission to enhance the lives of Nigerians by giving them access to credit. We understand that our customers’ needs are ever-evolving, and we are committed to meeting those needs by providing innovative solutions that make their lives easier.”

Carbon remains committed to its mission of providing opportunities to access credit, creating innovative financial solutions for its customers, and empowering them to achieve their goals and live better lives.

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Headquartered in Lagos, Nigeria, Carbon also operates in Ghana and Kenya. Since its inception in late 2021, Carbon Zero has generated ₦2.3 billion in requests from 41,000 customers who have applied for a spending limit.

Instant Approval

Using proprietary technology Carbon has been developing and improving throughout their 10 years as a credit provider, Carbon’s decision engines can automatically assess affordability and give accurate credit decisions in seconds. By simply sharing their BVN and bank account number, millions of people can make purchases with interest-free credit seamlessly.

Market-Leading Spend Amounts

Based on affordability, Carbon Zero allows customers to spend up to N2.5 million. This is far higher than the spend limits offered by competitors, with most being somewhere between ₦150,000 and ₦500,000. This of course makes the web app the de-facto choice for customers with higher purchasing power.

The Best Interest Rate: 0%

This one’s easy to explain. The web app literally charges ZERO percent interest on all purchases which are repaid on time and in full in 3 instalments giving the web app an edge over competing BNPL providers that charge interest for short tenors.

“We believe that having access to credit and good financial services is a fundamental human right. The costs of basic goods and services are rising and increasingly out of reach for customers, so it’s natural that people need help with financing what we consider everyday modern necessities.” Chijioke Dozie. CEO, Carbon.

The post Nigerian Fintech, Carbon, Launches Buy Now Pay Later Web App appeared first on Tech | Business | Economy.