Mobicred explained

When it comes to online shopping, you can buy just about anything from the comfort of your own home. *Statistics reveal that online shopping in South Africa is increasing at a rapid pace; just last year, online retail increased by 40%

The convenience of online shopping is that your purchase is just a click away.  Your gateway to this exciting world is a bank account and a card.

Since the launch of our online store, we have been looking to improve our online payment experience. We’ve been looking for a way to replicate our lay-by offering in our virtual world – so when you see something you like; you can structure a payment plan that affords this!

That’s why we have partnered up with Mobicred; a convenient credit product. Mobicred creates the ability for our customers to finance their online purchases from us with repayments of up to a 12-month period.

“The product will appeal to people reluctant to use actual credit cards online, because of the dangers inherent in them both when it comes to their spending and also fraud”, explains Mobicred founder Jason Sive.

Furthermore, the product offering costs within the same range as a traditional banking finance option. 

How does it work?

– You complete an online application form

– Your credit application is processed by Mobicred.

– Once approved, you can register and pay using the Mobicred payment option.

Requirements:

– South African ID number

– 18 years of age

– Have an existing valid bank account, a valid email address and a RICA’d mobile number

– Earn a minimum monthly salary of R5500

– You may need to submit 3 months most recent bank statements or payslips

For more information, click here

*This is according to a report published by Research and Markets.

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