NuovoPay news
How Finance Companies Can Reduce EMI Default Risk on Smartphone Financing
Image sourced from the Digital Frontiers Institute. In a dynamic world driven by innovation and automation, every sector, whether industrial or not relies heavily on the latest technologies. Smartphones are amongst the popular mobile devices that everyone wants to own. The incessant demand for buying smartphones and other mobile devices has given rise to propositions such as device financing. Device financing allows users to spread out their payment for the purchase of smartphones and other devices into smaller fragments that can be paid over a fixed duration. This makes it possible for users to buy the latest devices despite their high costs without burning a hole in their pockets. Who are device financers? Original Equipment Manufacturers (OEMs) or device resellers are generally those wh...
How to Ensure Payments for Financed Devices With NuovoPay
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Offline Device Locking: Protect Your Financed Devices against Non-payment with NuovoPay
Sourced from Travellers With the advent of 4G technology and the promising 5G technology, smartphones have offered people a gateway to enter the digital economy and get socio-economic benefits. According to Statista, in 2020 global smartphone unit sales for end-users were 1.38 billion. This shows a strong demand for smartphones, which is largely driven by consumers from developed countries. The consumer in developed countries has easy access to smartphone finance, affordable loans, alternative forms of credit scoring, etc. This necessarily does not hold true for certain emerging markets such as Sub-Saharan Africa or South Asia. According to Newzoo Global Mobile Market Report 2018, Smartphone penetration in South Africa was 35.5%, Vietnam was 37.7%, Indonesia was 27.4% as compared to 83% an...
NuovoPay Partners with Angaza to Drive Smartphone Accessibility
NuovoPay, a solution pioneering in de-risking device financing for OEMs, telecom carriers and device financing institutions has now joined hands with Angaza, a leading provider of software technology designed specifically for last-mile distribution businesses. Growing Demand for Smartphones The global market for affordable smartphones is steadily expanding, with Africa observing a large spike in demand for smartphone devices in late 2020. Nearly 22.9 million smartphones shipped to Africa in Q3 2020 alone despite COVID-19 restrictions, according to research from Global Market Intelligence firm, IDC. The demand for affordable technology in Africa, most notably for smartphones, is colossal and can be largely attributed to growing e-learning needs. Smartphone technology is known to provi...
