By Peter Egwuatu
The stimulated spending by consumers following the use of Sterling Bank’s PayWithSpecta has contributed to ignite the economy and mitigates against recession caused by coronavirus, COVID-19 pandemic and lockdown of the economy.
Specta, Nigeria’s fastest lending platform powered by Sterling Bank created a digital credit solution known as PayWithSpecta. It was designed to help merchants to increase sales and enable consumers to enjoy the good things of life without necessarily killing themselves to pay.
READ ALSO:Sylva seeks specialized bank to finance hydrocarbon projects in Africa
The new solution allows customers to pay for goods in instalments, while merchants are credited instantly, thus helping businesses increase sales. PayWithSpecta offers digital credit limits to customers to purchase items in-store at merchant locations or from merchant online platforms.
Also, PayWithSpecta gives merchants the opportunity to access credit for their…
Source: Vanguard Newspaper
