Telemart and NRSP Microfinance Bank join forces for a revolutionary smartphone financing program

Telemart, a leading e-commerce marketplace in Pakistan, announces the launch of its revolutionary and innovative Shariah Compliant smartphone finance project in partnership with one of the leading Micro Finance Banks in Pakistan, NRSP Microfinance Bank. This partnership aims to address the current financial challenges and low smartphone penetration in the country by providing customers with a seamless and accessible way to purchase their desired smartphones with convenient monthly installments.

In the face of extreme inflation and limited access to financial services, Telemart, in partnership with NRSP Microfinance Bank, is proud to offer a solution that makes smartphone ownership a reality for everyone. The new financing option offers customers a flexible and convenient way to purchase Telemart’s latest smartphones at convenient monthly installments, without the need for a credit or debit card.

Through this partnership, anyone with a valid CNIC and a source of income can apply for smartphone financing for up to 12 months. This unique initiative aims to give everyone, regardless of their financial situation, the opportunity to own the latest smartphone technology. To facilitate lending to the masses, Telemart uses a state-of-the-art technology in collaboration with a Global Tech company to block the smartphones in case of default or non-payment by the customers.

NRSP Microfinance Bank ensures a secure financing process

The launch of this project is currently in its pilot phase, facilitating customers in Karachi, Lahore, Islamabad, Rawalpindi and Bahawalpur. However, within 2 months this project will be expanded to several cities in Pakistan. The smartphone financing option is available through both Telemart’s website (www.telemart.pk) and its offline stores, making it easy for customers to choose their preferred method of purchase. The partnership with NRSP Microfinance Bank ensures that the financing process is safe, transparent and efficient.

In conclusion, the partnership between Telemart and NRSP Micro Finance Bank is a game-changer for the country as it acts as a catalyst to increase smartphone penetration and financial inclusion while strengthening Digital Pakistan’s vision by bringing technology within reach of every individual in the world. country and empowering them to live more connected and empowered lives.

Read also: Consumers can now shop on credit via Telemart via QisstPay