Omnibiz Africa Launches Buy Now Pay Later Model in Nigeria
By Adedapo Adesanya
Omnibiz Africa, a Business-to-Business (B2B) e-commerce company, has moved to adopt the relatively new Buy Now Pay Later (BNPL) model in the Nigerian market.
This is part of the two new features launched by the company at an event recently in Lagos.
The Buy Now Pay Later model will help retailers scale their businesses faster by providing them with credit options to grow their businesses.
In addition, the firm also featured a new sell app called MyStore. This is a book-keeping application for retailers to help them track their sales, cost, price, profit and manage their customers.
Speaking at the launch event which held at Raddison Blu Anchorage Hotel, Victoria Island, the CEO of Omnibiz Africa, Mr Deepankar Rustagi stated that, ‘’With the introduction of MyStore App, retailers can now replace the traditional paper-based book-keeping with the automated book-keeping app. This app will help retailers record their sales and measure their profit.
“They will also be able to manage their stock inventory effectively and monitor their customers with the app. There is also the advantage of being able to manage their stores online with the app when they are not physically present at their locations.”
He added that the credit feature, Buy Now Pay Later, will help retailers scale their business as they now have access to purchase more goods and pay back after selling the products.
This is coming after Omnibiz Africa recently got funding of $3 million, leading it to expand the scope of its operations.
The CEO reassured that the company was indeed committed to improving the lives of the key stakeholders in their business.
Omnibiz is a B2B e-commerce trade platform that eliminates the inefficiencies of traditional trade by digitizing the key stakeholders.
It has provided over 50,000 retailers the convenience to buy from over 500 products Omnibiz, ensuring retailers get better ROI and distributors/ manufacturers grow volume and reach through a wider distribution network.
The company currently delivers to six states across Nigeria and is set to grow beyond the borders of Nigeria.