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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...

vivo Officially Launches V21 Smartphone in Kenya

Image sourced from GSM Arena. /* custom css */ .tdi_4_034.td-a-rec-img{ text-align: left; }.tdi_4_034.td-a-rec-img img{ margin: 0 auto 0 0; } Previously, IT News Africa reported that vivo had announced the launch of its new flagship V21 smartphone in Kenya. Yesterday, global smartphone brand vivo finally launched its V21 smartphone in the country. The device is the latest in vivo’s longstanding V-series smartphones. /* custom css */ .tdi_3_f21.td-a-rec-img{ text-align: left; }.tdi_3_f21.td-a-rec-img img{ margin: 0 auto 0 0; } This move comes after the brand partnered with the UEFA Euro Cup as the official smartphone sponsor and it seeks to leverage this global success to take on the Kenyan market. The Evolution of “Selfies” The new V21 showcases a unique Optical Stabilization (OIS) front c...

Central Bank of Kenya Lengthens its COVID-19 Emergency Mobile Money Measures

Sourced from Forbes. The Central Bank of Kenya announced that it will extend the measures placed on mobile money transactions put forth back in March. Charges for mobile money transactions of up to KES1000 ($9,39) and the withdrawal of money between bank accounts and mobile money wallets. These emergency measures were put in place due to the COVID-19 pandemic and subsequent lockdown in Kenya. The initial announcement had the measures in place until 1 July 2020, but now the Central Bank is increasing the duration of the measures by 5 months until the end of the year, 31 December 2020. The Central Bank of Kenya says that in line with these measures: /* custom css */ .tdi_3_5fc.td-a-rec-img{ text-align: left; }.tdi_3_5fc.td-a-rec-img img{ margin: 0 auto 0 0; } There will be no charge for mobi...

Uganda Starts Mass Production of its First Smartphone

Sourced from Gadgets Africa. Uganda will begin manufacturing its first smartphones through SIMI – a brand of smartphone makers that are said to have the average customer specifically in mind. The phones currently focus on one major aspect, battery life. The ‘regular’ non-smartphones can last up to at least two weeks and can charge via Solar power too. The smartphones have a battery capacity of at least two days. Currently, SIMI has the capacity to make 2000 phones a day. SIMI has already flagged off an 18,000 phone consignment that Uganda is exporting to Morocco sometime soon. The company also wants to involve university students in the development of apps and software for the handsets. Together with the production of the smartphones comes new regulations in the country, where phone import...