CredPal is a fintech company based in Nigeria that offers a payment method called CredPal Pay. CredPal Pay is a payment platform that allows users to make online and offline purchases using instant credit.
The CredPal payment method works as follows: users can create a CredPal account and submit a credit application. Based on their financial profile and credit history, CredPal evaluates their eligibility and assigns them a credit limit.
Once the credit limit is assigned, users can use it to make purchases. CredPal Pay enables users to make online payments on participating merchants’ websites, as well as offline payments at physical stores.
The advantage of CredPal is the ease and speed with which users can access credit and make purchases. There is no need for a traditional credit card, and users can benefit from an interest-free grace period to repay their purchases.