Payfi Partners Turbomoni to Introduce #LendX

 
Payfi, which specialises in Buy Now Pay Later (BNPL) services, has partnered with a trusted micro-savings and peer to peer payments platform Turbomoni, to launch its latest service.

In a statement, it was noted that together they have launched LendX, an innovative savings-as-collateral BNPL product.
 
The statement also noted that the groundbreaking collaboration redefines shopping for Nigerians, especially those sceptical about receiving credit.

The statement further explained that for many Nigerians, making a purchase requires saving money long-term first and sometimes those savings are diminished by unplanned emergencies, adding that this leaves them stuck in a circle where they can’t fully enjoy the money they work hard for and they also don’t truly get the benefits and payoff from denying themselves things so they can save.

According to the statement, “With LendX, they can enjoy the financial freedom to buy now and pay later with ease, while also experiencing the peace of mind that comes with watching their savings reach maturity.
 
“With LendX, customers can now use their savings as collateral when they need to shop. What this means is that, instead of traditional collateral lending, savers on Turbomoni can leverage their hard-won savings to access Payfi’s BNPL services without having to break these savings and lose accrued interest.

“They can save while also enjoying the gratifying experience of seamless and immediate shopping. This is also a great opportunity for new users who want to access Payfi’s suite of BNPL services to sign-up. This innovative service revolutionises the concept of collateral lending and provides unprecedented financial flexibility for customers. Now Turbomoni and Payfi users can save while enjoying immense financial freedom.
 
“In the past, Payfi has successfully launched several Buy Now Pay Later (BNPL) products and services in collaboration with prominent financial service providers. These collaborations help them to expand their reach and essential BNPL services to both businesses and individuals.

“This unique and innovative partnership with Turbo moni represents a significant leap forward in providing financial flexibility for customers. It also allows Payfi further its goal of helping Nigerians build wealth and ultimately providing financial freedom for all.”