Sterling-MTN Scheme to Improve 141 Million Lives
Sterling Bank-MTN Pay Small device, a finance scheme, which was introduced on Wednesday by Sterling Bank Plc, MTN Nigeria and Technology Distributions Limited, is providing an opportunity for more than 141 million mobile subscribers in the country using feature phones to upgrade to smartphones.
According to a statement, the scheme democratises the acquisition of smartphones as well as access to the digital ecosystem through smartphones pre-bundled with data.
It stated “Only 13 per cent of Nigeria’s 162 million mobile phone subscribers use smartphones and have robust access to the Internet, social and business applications, among others.”
The Group Head of Strategy and New Business, Sterling Bank Plc, Shina Atilola, while speaking at the media launch, said “Knowledge and information transforms economies.
Our collaboration with MTN Nigeria, Technology Distributions Limited and Payjoy to democratise access to smartphones will make knowledge and information accessible to millions of Nigerians which will improve their lives and well-being.
“It is important that more Nigerians have the opportunity to engage in societal dialogues irrespective of their social class and education. A person without access to information cannot effectively grow a business, live well and contribute to the economy.”
Also speaking at the event, the Managing Director, Technology Distributions Limited, Gozy Ijogun, expressed delight that her organisation was part of the partnership that would increase smartphone penetration with its attendant benefits to Nigerians who ordinarily could not afford to pay the lump sum that was required to acquire the devices.
“Things required for optimum living are paid up front, which make life difficult for many Nigerians. What we are unveiling today is a revolutionary partnership which makes it possible and affordable for anyone to visit the MTN Nigeria experience centre close to them and walk out with the latest smartphone device with as low as N7,000 monthly payment in less than 10 minutes.”
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