The rapid growth of the smartphone financing sector globally is a testament to the increasing demand for mobile technology in developing countries. With the surge in smartphone shipments, particularly in emerging markets, there’s a pressing need for affordable financing solutions. Angaza, a pioneer in this space, is leading the charge with innovative solutions to bridge the affordability gap.
The Pay-As-You-Go (PAYG) model, which has been successful in the solar energy sector, is now being adopted for smartphone financing. More PAYG providers are entering the smartphone market, offering consumers the flexibility to pay for their devices in installments. This model is particularly beneficial in regions where upfront costs can be a significant barrier to smartphone ownership.
Angaza has been at the forefront of this movement, offering a comprehensive solution through the Angaza Hub. The Hub provides the functionality to manage smartphone PAYG financing efficiently. It connects to fully tested and established locking technologies provided by smartphone OEMs, ensuring seamless integration, security, and easy management of financed devices.
Angaza’s innovative approach has attracted a wide range of customers. These include large solar PAYG providers that have diversified into smartphone financing and established telecommunications companies offering financed smartphones across Africa. These telcos are leveraging Angaza’s solutions to support the migration of their customers to 4G and 5G networks, further driving Average Revenue Per User growth in the telecommunications sector.
The smartphone financing sector in developing countries is poised for continued growth, and Angaza is well-positioned to support this expansion. For businesses looking to enter or expand in this market, please contact sales@angaza.com to find out more of the comprehensive Angaza tools and expertise needed to succeed.
