List of Buy Now Pay Later (BNPL) Companies in Nigeria

Buy Now Pay Later is a payment service where an individual can buy gadgets and any other form of electronics and pay for them in instalments later. In Nigeria, the Buy Now Pay Later service has slowly begun to be a trend as many Nigerians see this as profitable. In this article, we’ll provide you with a list of Buy Now Pay Later (BNPL) Companies in Nigeria.


Buy Now Pay Later (BNPL) Service in Nigeria

Buy Now Pay Later (BNPL) in Nigeria is a financial solution service for Nigerians to get the gadgets and electronics they desire and want with the option to pay later. The financial hardship experienced by most Nigerians prevent them from getting their preferred accessories and gadget and with no other option, they settle for less.

Unlike other companies or stores, Buy Now Pay Later stores or outlets in the country provide the option for Nigerians to buy their preferred devices/products (sometimes at a discounted price) and pay back later in instalments, a process which is like taking a loan in Nigeria. BNPL service providers have made item purchases easier for many Nigerians who meet the requirement through partnerships with stores, outlets and other companies that own the product.

Requirements To Buy Now Pay Later In Nigeria

Many businesses have taken advantage of this possibility of the buy now pay later system by providing it with varying terms and conditions. For example, some may only let you buy if you make an advance payment, while others will merely require you to complete some paperwork thereafter and let you pay over time.

To be eligible for the buy now pay later service as a Nigerian, BNPL companies will require you to present certain documents that will provide the BNPL company with information on your financial record and capabilities, which will be properly evaluated before giving you access to their credit system. Here are some of the required documents or information you need to possess to apply for the credit service:

  • Bank salary statement (usually 6 months or more).
  • Bank Verification Number BVN
  • Work ID CARD/Employment letter.
  • A legitimate government-issued ID card, such as a Nigerian passport, national identity card, or driver’s licence

It’s however important to know that presenting this information/documents doesn’t guarantee that you’ll get the service, and this is because the information presented will be evaluated with the prices of the device/product and the company’s policy before access to the service is granted.

List of Buy Now Pay Later (BNPL) Companies in Nigeria

The list of Buy Now Pay Later companies in Nigeria isn’t a long one and we have compiled for you a list of Buy Now Pay Later (BNPL) Companies in Nigeria. These companies operate through their website or app and one can easily submit an application for the buy now pay later program through either of the previously mentioned channels.

1. Spredda

On Spredda, customers have two options for paying later: PayQart and Lay-by. Products in this store include home appliances, electronics, mobile phones, furniture, laptops, generators, sports and fitness equipment, and fashion and beauty items. When a purchase is made, the customer is given custody of the item or product.

Each payment option differs from the other. With PayQart, the customer is given custody of the product or item and allowed to pay within six(6) months with little interest added to the original cost price, while Lay-by attracts zero interest but reserves your item for three to four months with a 20% advance payment.

2. Credpal

With Credpal, you can take advantage of the flexible payment option to purchase now and pay back over a period of six to twelve months, depending on your credit score. Aside its online presence, Credpal has a number of offline stores in different areas of the company. Customers or shoppers who pay back their loan within a period of 30 days after purchase enjoy a 0% interest rate.

3. The Alternative Mall

The Alternative Mall is an e-commerce website based in Nigeria with where various products ranging from home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, and sports and fitness products can be bought at an affordable price. Shopping at The Alternative Mall is very easy, you can buy now and pay later within 12 months, and you don’t need to deposit any particular amount before getting the product. Customers or shoppers will be billed based on your annual income.

4. Paywithspecta

Customers of Paywithspecta are given a virtual spending cap that can be applied to both in-person and online purchases from retailers. When a payment is made for a purchased item in one to three instalments, there are no fees or interest charges. However, there may be a fee if you spread out your payments for purchases made at any supported partner stores over a period of 7 to 12 months.

5. Easybuy

EasyBuy is an offline payment app that enables companies and people in Nigeria to take advantage of the buy now pay later service over a period of three to six months. Shoppers are required to pay 20% to 30% upfront to begin using EasyBuy before paying the outstanding amount over time in instalments. The remaining 70% of the purchase will be paid for over time with monthly payments from your bank account with interest. EasyBuy is an app, although it mostly focuses on financing for offline devices, and the majority of phone stores offer this platform. Shoppers can take the item or device home once a 30% down payment is made.

6. CDcare

In Nigeria, CDcare is a sizable market that is accessible online, on iOS, and Android. This website doesn’t generate any interest and enables Nigerians to purchase whatever electronic devices or home appliances they desire utilizing the Buy Now Pay Later technique. You can purchase everything you want on this website, including phones, gadgets, and kitchen equipment like freezers, microwaves, and many others. If they don’t have what you want in stock, you can place a request.

When purchasing an item on CDcare, customers are provided with a payment plan that enables them to make equal weekly or monthly payments. A buyer may choose how they wish to make payments, and everything will be taken into consideration. If a customer makes a 50% down payment, the item will be delivered and the remaining balance will be due after that.

7. Zoomba

Another online store that makes purchasing items for Nigerians simple is Zoomba. Zoomba has a “pay small, pay small” strategy that enables you to secure an item and make incremental payments until the balance is paid in full. You may purchase anything from this website, where they provide a variety of products like phones, laptops, home appliances, and much more. Layaway on Zoomba enables you to purchase a product now and pay for it later, while also allowing you to have it marked.

Other Buy Now Pay Later (BNPL) Companies/platforms include:

  • Carbon Zero
  • AfterPay
  • PayFlexi


Buy now pay later service in Nigeria is a great way for shoppers in Nigeria to get the items/products they desire with a flexible payment option. More research can be done on the listed BNPL companies/platforms, and shoppers who decide to use this service must ensure they are able to keep up with the payment. Also, shoppers must be sure of the platform they are dealing with because during the process of purchasing products, sensitive data is collected by the company or platform.

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