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

/

Hosted By

Chimgozirim Nwokoma 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.

To advertise or promote your brand, visit this link or send an email to business@techpoint.africa

Explore the fintech in everything at The Fintech Summit 2022

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


Other Episodes

Episode 179

June 22, 2023 00:56:49
Episode Cover

Airtel is the 5G new cat in Nigeria

This episode is also available on YouTube - https://youtu.be/-cM6qNzvHf0   Today on the Techpoint Africa Podcast, we discuss tech news this week from around the...

Listen

Episode 200

November 16, 2023 01:05:29
Episode Cover

It's our 200th episode!!!!

Hey guys! We've hit 200 episodes! And we had a special guest join us on the podcast today. But first, here are today's stories:...

Listen

Episode 215

March 13, 2024 00:42:02
Episode Cover

Interswitch got a telco licence, here's what it means

Our guest this week is Abubakar Idris, Tech Journalist at The Information and on this episode we discuss: Interswitch's 2023 financial report LemFi's expansion...

Listen