• Latest
  • Trending
Nigerian fintech CredPal partners with Bolt to let users “ride now and pay later”

Nigerian fintech CredPal partners with Bolt to let users “ride now and pay later”

January 13, 2023
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Nigerian fintech CredPal partners with Bolt to let users “ride now and pay later”

Modupeoluwa Olalere by Modupeoluwa Olalere
January 13, 2023
142 9
0
Nigerian fintech CredPal partners with Bolt to let users “ride now and pay later”
467
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Nigerian fintech CredPal has collaborated with Bolt to let users “ride now and pay later.” Credpal created the agreement to simplify credit financing for customers and boost its buy-now-pay-later products.

By signing up on the CredPal app and activating an option to pay for Bolt trips at the end of the month or at any convenient date when they are financially stable, users can use the CredPal Ride-On function.

CredPal CEO and Co-Founder Fehintolu Olaogun said the service would improve money management for Nigerian wage earners.

“I think transportation is one of the daily necessities that a working Nigerian takes into account when making a monthly budget. “With CredPal Ride-On, we’ve given them the option to use the credit they’ve been given to better manage their monthly expenses.”

RelatedPosts

Bolt’s new dash cam app aims to tackle safety issues in Kenya

Bolt introduces women-led fleet in Cape Town to empower female drivers

Bolt Exits Tunisia Amid Money Laundering, Tax Fraud Allegations

Kwaku Ampadu-Manu, the country sales manager for Bolt, said that Ride-On is a necessary product that could help speed up the use of digital payments and give Bolt riders another way to pay.

“This partnership gives riders access to a much-needed way to get around that doesn’t cost them money right away, and we’re happy to work with CredPal to help us reach our goal of making cities for people, not cars.”

Read also: Bolt Expands Its Operations in Ghana with the Addition of Tamale

How is the service operated?


Users must register on the CredPal platform in order to access this and have it pay for their travel expenses.

They can then enable an option to pay for their Bolt trips at the end of the month by selecting CredPal as a payment method. Additionally, users have the option of choosing Ride-On, which enables flexible repayment during the recipient’s income period.

The effects on Nigerians

The growth of buy now, pay later (BNPL) businesses over the past three years has been among the startup landscape in Nigeria’s most positive developments. Most of these businesses allow clients to buy products and services that they would otherwise have to put off for months. It should come as no surprise that Nigerians embraced it right away.

 Thanks to these BNPL models, Nigerians will be able to use ride-hailing services even if they don’t have cash and can pay whenever it’s convenient. This will increase the revenue of the ride-hailing businesses as well, benefiting both sides.

Bolt Launches Vehicle Financing Scheme in Ghana To Encourage Automobile Ownership

How does it impact both CredPal and Bolt

Through this service, Bolt might gain more customers, while CredPal could improve the number of times its app is used as a payment option.

The service is currently only available to people who have registered on CredPal because the startup is paying for their travel expenses. Users do not, however, have to pay a portion of their fare during the ride, unlike ordinary BNPL offers.

Alternatively, they can select CredPal as a payment method and pay for the ride at the end of the month. Users are pre-qualified for Ride-On based on particular criteria, just like for its standard BNPL offer, and repayments are timed to match the user’s income date.

CredPal may be the first third-party company in Nigeria to offer a “ride now, pay later” option, but this isn’t the first time a startup has provided its customers with this service. In 2016, the Indian ride-hailing business Ola unveiled a credit option that let customers book rides for up to seven days without paying in advance. Similar to this, GoCatch, an Australian ride-hailing company, included Zip, a BNPL service, as a mode of payment.

Tags: BoltCredPal
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.