CDCare CEO speaks on Buy Now, Pay Later, regulations, and consumer spending in Nigeria

Episode 134 October 18, 2022 01:02:05
CDCare CEO speaks on Buy Now, Pay Later, regulations, and consumer spending in Nigeria
Techpoint Africa Podcast
CDCare CEO speaks on Buy Now, Pay Later, regulations, and consumer spending in Nigeria

Oct 18 2022 | 01:02:05

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Hosted By

Chimgozirim Nwokoma Oluwanifemi Kolawole Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://youtu.be/__sA8e797bE

Today on the Techpoint Africa Podcast, our Senior Reporter Chimgozirim Nwokoma sits down with the CEO and Co-founder of CDcare, Oluwatobi Odukoya.

The two discuss the intricacies of the Buy Now, Pay Later (BNPL) boom in Nigeria, CDcare's role in it, the challenges BNPL companies face and their plans for the future.

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Timestamps
00:00 - Intro
01:26 - We meet Tobi
03:02 - Why did you start CDcare?
06:35 - Why this particular model?
08:50 - Why is BNPL becoming the in thing?
10:25 - Benefits of BNPL for both buyer and seller
11:56 - Why can you pay up to 12 months?
15:49 - CDcare for cars
17:45 - Most purchased products
19:23 - How should BNPL be regulated?
25:36 - Is BNPL applicable across board?
31:07 - Is there an opportunity for a centralised credit bureau?
35:26 - Thoughts on competition
40:24 - How has CDcare overcome trust issues?
43:00 - Does CDcare have plans to provide a financial savings feature?
46:27 - Thoughts on B2B credit
48:01 - Challenges
54:06 - How a customer tried to scam CDcare
57:46 - Exchanging information about defaulters

Useful link
CDcare’s buy and “pay small small” model wants to fix Nigeria’s shaky credit culture

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

Music - Beach by MBB


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