Voda Idea ties up with Home Credit India for financial help to buy smartphones
In a move to spur demand in the industry, Home Credit India, announced Tuesday an industry-first strategic alliance with Vodafone Idea. By paying Rs 799 the telco's prepaid customers will be able to buy latest 4G smartphones.
In a move to spur demand in the industry, Home Credit India, an international consumer finance provider announced Tuesday an industry-first strategic alliance with Vodafone Idea. The partnership with Home Credit ensures that for a down payment of Rs. 799, the telco’s prepaid customers will be able to buy the latest 4G smartphones starting at Rs 3999, with a bundled 180-day validity plan offering unlimited local and national calls & 1.5GB data per day.
“This partnership will help fulfill the aspirations of several million mobile phone users across the country, including those who have never had access to credit before and those who desire a smart phone but couldn’t afford to pay upfront. This bundled telecom offer will enable non-users of 4G to upgrade and experience the benefits of mobile internet while enjoying a richer user experience with Vodafone Idea,” said Avneesh Khosla, operations director, marketing at Vodafone Idea.
Customers can select the 4G smartphone of their choice from a wide range of options and popular brands. Irrespective of the cost of the handset chosen, the down payment remains constant, said the companies in a joint statement.
The customer can access finance in 179 cities of operations of Home Credit India through the vast 29,000 Point-of-Sale (PoS) network. Vodafone Idea customers will be able to walk into any PoS and upgrade their Smartphone.
A total of 69.3 million mobile phones were shipped to India in Q2 of 2019, which was up 7.6 per cent over the previous quarter. Earlier in September, handset major Samsung announced a financial assistance plan across 100 cities to buy Samsung phones, at 0 % interest on monthly installments. Apart from this, many online retailers and banks are offering EMI benefits and financial assistance for smartphone purchases to consumers this festive season.