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Absa Bank Kenya has introduced a new feature called ‘Buy Now, Pay Later (BNPL)’ that enables its cardholders to make payments in installments for their purchases.
This self-service payment option is available through Absa’s mobile and internet banking platforms. It provides credit card customers with the flexibility to choose between paying for their purchases in full immediately or opting for a structured repayment plan over a period ranging from three to twelve months, allowing them to manage their spending power effectively.
“In the current economic environment, where consumers often face tough spending decisions, we recognize the increasing need to manage expenses and make purchases without straining one’s finances,” said Linda Kimani, Head of Card Payments at Absa Bank Kenya.
“We are excited to launch our BNPL card feature, which empowers our customers with the convenience and flexibility to pay for their purchases gradually over time,” added Kimani.
The Lipa Pole Pole solution, offered exclusively to card customers by the bank, aims to provide a beneficial solution that positions Absa Bank Kenya as a market leader and innovator in the payments industry.
“We are confident that this solution will greatly benefit our customers and demonstrate our commitment to delivering market-leading and innovative payment solutions,” she concluded.
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