Oppo eyes phone trade-ins to boost sales

Chinese smartphone brand Oppo has expanded its partnership with Odyssey Capital’s Lipa Later credit facility to include a trade-in system for its phones that will see customers access their products at lower prices.

Through the trade-in system, customers will be allowed to exchange their old Oppo phones for newer models at a discount.

Owners of Oppo phones turn in their old phones to Lipa Later for valuation. Then Lipa Later deducts the value of the old phone from the price of the new phone a user desires. Users can then buy the new phones in monthly installments thanks to the deal signed in June this year.

“We have never seen such a relentless commitment to what is important to your customers and we commend that. What Oppo has really done is work very closely with us to give their customers the best deals,” said Lipa Later.

The deal was revealed at the launch of Oppo F9 which features fast charging technology and a redesigned screen. The smartphone will retail locally at Sh37,990.

Through Lipa Later, it will be available to customers starting at Sh3,720 monthly and with an interest rate of 2 per cent.