Absa Bank Kenya customers with card will now be able to pay for good in bits after the lender introduced a new feature dubbed 'Buy Now, Pay Later (BNPL)'.

The self-service payment option is available on mobile and internet banking platforms.

It offers Absa's credit card customers the option to either pay for their purchases in full, immediately or in a structured repayment plan over a defined period between three to 12 months, thereby stretching their spending power.

"Given the prevailing economic environment in which many consumers are having to make tough spending decisions, we understand the growing need to manage one's expenses and make purchases without straining one's wallet," Head of Card Payments at Absa Bank Kenya, Linda Kimani said.

"That's why we're excited to launch our BNPL card feature, which gives our customers the power and ease they need to pay for their purchases flexibly over time," added Kimani.

The Lipa Pole Pole solution is the first solution to be offered for card customers by a Bank.

"We are confident that this solution not only benefits our customers greatly but also positions us as market leaders and innovators in the payments business," she said.

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