How to Buy Smartphones on Interest-Free Installments From KistPay

Federal Minister for IT and Telecom, Syed Amin-ul-Haque, has launched Smartphone For All, a scheme that provides smartphones on interest-free installments in Pakistan through KistPay, a Buy Now Pay Later (BNPL) service registered with SECP and headquarter registered in Abu Dhabi Global Market (ADGM).

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KistPay says that it aims to “enable the next billion users to come online” and they are putting “special focus on smartphone penetration to enable lives of under served populations.” The company adds, “Pakistan’s banking institutions do not cater to the bottom of the pyramid and neither do they offer any credit facility for undocumented segment which is a big part of almost all developing countries.”

According to Federal Minister Syed Amin-ul-Haque, the Smartphone For All initiative has been launched with the aim to make technology more accessible by allowing people to buy smartphones on easy monthly installments. In this article, we have explained how you can get a smartphone on interest-free installments from KistPay in just a few simple steps.

KistPay is offering several smartphones on their website and more are expected to be added soon. According to the details, the interest-free installment service will provide mobile phones ranging from Rs. 10,000 to Rs. 100,000 and include companies like Xiaomi, Nokia, and Samsung, which are some of the most popular brands around the globe.

How to Buy Smartphone on Installment From KistPay?

You just need to follow these simple steps to order a smartphone on interest-free installment from KistPay:

Step 1

First you need to visit the official site (kistpay.com) and select the ‘Shop’ option at the top of the webpage.

Step 2

Now you need to select the smartphone you want to buy and click on ‘Order on WhatsApp’ or ‘Order on Website’ to proceed to the next step.

Step 3

You need to fill out all the required information and upload a copy of your CNIC and Proof of Income (Job Letter).

Step 4

Review all the information you provided and check the breakdown of the installment plan for the smartphone provided and once you’re done, click on ‘Submit’.

Step 5

Once your application is approved, you will be asked to deposit the down payment within a couple of days and your order will be delivered to your doorstep.

What do you think about this new scheme providing smartphones / mobile phones on easy interest-free installments? Let us know in the comments down below.

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