To cushion the effects of bad economy on their finances, more Nigerians are embracing smartphone financing schemes. The scheme allows intending users without adequate funding at hand to get a device of their choice after making an initial deposit, with the remaining balance spread over a period of time.Electronic commerce platforms, gadgets platforms, and banks have introduced the scheme, which is gradually gaining attention. The scheme is not limited to Nigeria, as it has gained more traction, even better, in countries including South Africa, Kenya, Egypt, and some sub-Saharan Africa (SSA).
