PayJoy

PayJoy is a digital platform that allows people with limited or no access to credit to pay for a smartphone in regular installments.

Payjoy’s software platform provides a unique and disruptive way of making smartphone ownership more affordable for the Next-Billion consumers: the platform’s device-management software installed on smartphones transforms them into software-enabled collateral that allows third-party institutional lenders to finance the smartphone upfront and consumers to pay in monthly installments.