Alternative Methods Available for Purchasing Electronic Devices and Accessories in South Rals
Megafon, a leading telecommunications operator in the region, has introduced a new way for customers to buy gadgets and accessories using interest-free installments. Known as "Megafon Limit," this Buy Now, Pay Later (BNPL) service is integrated directly into the Megafon mobile application, simplifying the shopping experience for consumers.
## Key Features of Megafon's BNPL Service
The service allows users to activate a credit limit, which can be used to purchase items such as smartphones and SIM cards from Megafon's online store. To access the service, users need to fill out a simple questionnaire, and no document signing is required. The "Megafon Limit" option is available in the "Pay in Parts" section of the online store, enabling users to split purchases into installments.
## Using the Service
Activating the credit limit is straightforward. Users can do this by filling out a questionnaire in the Megafon app. Once the limit is set, users can use it to buy items from Megafon's online store by selecting the "Pay in Parts" option. The service also allows users to manage their payments directly within the app.
Megafon plans to expand the use of "Megafon Limit" to include payments for mobile services and potentially transferring funds to bank cards in the future.
## Spending Limits and Repayment Terms
The spending limit for purchases in the operator's online store using interest-free installments can be up to 149,000 rubles. The client can choose the repayment terms for purchases made using interest-free installments in the mobile application, with terms ranging from 1.5 to 12 months. However, no new information was provided about the repayment terms for purchases made using interest-free installments beyond this range.
The commission for periods up to 3 months is 0% for the financial service "Mokka," which provides the funds for the BNPL service. No new information was provided about the commission for periods beyond 3 months for "Mokka."
It's important to note that having a spending limit does not obligate the client to make purchases, and having a spending limit for the BNPL service does not imply any obligation for clients to make purchases due to the limit.
Accessories account for 11% of partial payments using interest-free installment services, with equipment setup, including installing programs and applications on gadgets, setting up smart home devices, and other services, accounting for 4% of partial payments. Meanwhile, 75% of partial payments for smartphones in the region are made using interest-free installment services.
Fariida Akhundova, head of the business unit for financial products and services at Megafon, stated that BNPL simplifies life for consumers. Akhundova did not discuss any changes to the percentage distribution of partial payments for smartphones, accessories, or equipment setup services using interest-free installment services, nor did she provide specific details about any changes or additions to the spending limit, repayment terms, or commission for periods beyond 3 months for the BNPL service.
This new method allows residents to use interest-free installments directly in the mobile application, enabling seamless purchasing and a quick switch from the mobile application to the Megafon online store.
This new method, "Megafon Limit," allows residents to effortlessly purchase smartphones and accessories using interest-free installments through the Megafon mobile application. The service's "Pay in Parts" option also allows clients to effortlessly divide purchases into manageable installments.
