CredPal, a Nigerian fintech company providing solutions for investments and credit services, has partnered with ride-hailing platform Bolt with the launch of its new product Ride-On
Users can now ride with Bolt and pay later, leveraging the new Ride-Now-Pay-Later service. Accessing this means signing up with CredPal which will underwrite the trip cost.
The goal is to enable Nigerians of all classes, both businesses and individuals, gain access to credit rides without bothering about immediate payments, but can pay by month ends.
Fehintolu Olaogun, CEO and Co-Founder of CredPal believes transportation is one of the daily essentials that a working Nigerian considers when planning a monthly budget, so the CredPal Ride-On was built in line with this, offering a choice of using credit that has been availed to them to better manage their monthly expenses.
Kwaku Ampadu-Manu, Country Sales Manager, Bolt, says the Ride-On product is necessary to help accelerate the adoption of digital payments while providing Bolt riders with an alternative payment option.
“This partnership gives riders access to a much-needed alternative that meets their mobility needs without immediately spending out of pocket, and we are happy to work with CredPal to foster our mission of making our cities for people and not cars,” he said.