As the demand for solar products grew, so did the payment options. As a result, there was a need for tech innovations to make renewable energy in the form of solar more accessible to the off-grid population alongside access to finance. Infibranches created that solution that provides access to finance and energy to unreached or under-reached populations.

Alongside the distribution of solar products are the diverse payment options to make this alternative easy and affordable. We created a payment platform using technology and a network of people who can take these services to the farthest places that would otherwise be difficult to reach. These efforts contribute to financial inclusion in these areas, focusing on sub-Saharan Africa.

Today, payment for solar products has become quite accessible through multiple options.

1. Solar Payment with a FaziPay POS Agent
The first way to access payment for solar subscriptions is through the services of FaziPay Agents. These agents use our app to facilitate instant payments for any solar product a customer chooses. In this regard, the customer may decide to

Pay all at once (outright payment)
Use the PayGo for monthly repayment for up to 24 months
Buy-Now-Pay-Later option at 0% interest
Apart from solar payments, FaziPay POS Agents can also complete cash transactions and bill payments, such as

* Cash Withdrawal, Deposit & Transfer,
* Electricity bills (IBEDC, IKEDC, KEDC, EKEDC, etc.)
* Cable TV Subscription (DSTV, GOtv & StarTimes)
* Airtime & Data Recharge (All networks)
* Health & Car Insurance
* Toll Fee
* School, Church & Organization fees
* Bet account funding


A. Outright Payment

When a customer picks a solar product and decides to make a full payment at once, the POS agent or retailer can help to make the instant payment. Afterward, the customer gets the order confirmation and receives the delivery in less than 72 hours. Kindly note that all our products are available for this payment option.

B. PayGo

The PayGo instance is when the customer can spread out the payment for the solar product over a long period, up to 24 months. In this case, the customer asks the agent or retailer to

Order the product
Choose the PayGo payment method
Pay the initial deposit
Expect the product in less than 72 hours via DHL delivery
Start the remaining payment in the following month using the FaziPay POS agent
Kindly note that you can enjoy full access to the solar home system when you complete the payment. In addition, only some of our products are available for this payment option.

On the other hand, onboarding new retailers and POS agents are still ongoing, and you can register here. You can also learn more about why you need to choose FaziPay POS for your business.

C. Buy-Now-Pay-Later option

The Buy-Now-Pay-Later option is similar to the PayGo in that you can start enjoying the solar product after your initial payment. However, this option is unique because it attracts 0% interest over the time you repay for the product. Also, it allows weekly or monthly payments for eight weeks and four months, respectively. Some partners in this regard include Carbon zero, Lipalater, Zilla, and Primera Microfinance bank.

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https://infibranches.com/blog/how-to-pay-for-solar-subscriptions-in-nigeria/