Following this announcement, VOXI for Vodafone is expected to provide its customers and users with new payment terms, in order to give them the possibility to look and access more options for spreading the cost of their mobile handset.
Clients will be given the possibility to select from multiple methods, such as Buy Now, Pay Later (BNPL), and PayPal Pay in 3, which will enable users to spread the cost of their device over three transactions. At the same time, customers will be allowed to choose to spread their costs across 12, 24, 30, and 36 months through the use of the PayPal Credit service.
VOXI by Vodafone represents a mobile network that was developed in order to enable clients to leverage selected social, music, and video applications as much as they need, without using their general data allowance.
The new payment terms took place through the partnership that VOXI had with payment solutions provider PayPal. This strategic deal allowed VOXI to offer more credit terms, as the company only offered a 30-month credit term to clients before the integration with PayPal. Furthermore, the partnership is set to provide customers with optimised choices and flexibility for those that aim to purchase a handset.
In addition, according to the official press release, VOXI Buy Now, Pay Later solutions are expected to initially be rolled out to already existing VOXI clients only, with a strategy of being extended to new customers beginning in April 2024. The products will also be available to purchase through the use of the VOXI website, while the devices will be required to be a minimum of GBP 99 to qualify for a 12/24/30/36 months credit plan. At the same time, customers will need to spend between GBP 30 and GBP 2000 in order to qualify for a Pay in 3 plans, as the process is subject to terms and eligibility.
With Buy Now, Pay Later being the fastest-growing online payment method in the region of the UK, having a growth rate double that of bank transfers, as well as more than triple that of digital wallets, VOXI aims to meet the needs, preferences, and demands of clients in an ever-evolving market. In addition, the company will focus on remaining compliant with the laws and regulatory requirements of the local industry.
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