Pakistan – Telemart, one of Pakistan’s leading e-commerce platforms, has partnered with Alif Innovations to introduce the country’s first debit and credit card instalment plan for smartphones, addressing the growing challenge of smartphone affordability amid rising inflation. This innovative collaboration will enable millions of debit and credit card holders across Pakistan to purchase smartphones worth up to PKR 100,000 on Shariah-compliant, easy monthly instalments.
With approximately 50 million debit and credit card users nationwide, this partnership aims to provide a practical solution for consumers seeking to upgrade their smartphones. The instalment plan will allow customers to spread the cost of smartphones, priced between PKR 30,000 and PKR 100,000, over a period of six months. This initiative is especially timely given Pakistan’s relatively low smartphone penetration and the financial pressures on consumers.
The service will be available through the Alif Shop app, providing a seamless online purchasing experience for consumers across the country. For offline shoppers, the instalment plan will initially be launched in select Telemart stores as part of a pilot phase. Following the pilot’s success, the program will be expanded to additional stores nationwide, further increasing accessibility for consumers.
Telemart has also implemented a cutting-edge security solution, developed in partnership with a global tech firm, to ensure secure payments. In case of non-payment or default, the technology can remotely block the smartphones, offering enhanced protection for both the retailer and the consumer.
The partnership between Telemart and Alif Innovations is a significant step toward increasing smartphone accessibility in Pakistan. By providing an affordable, Shariah-compliant instalment plan, the initiative supports the country’s growing demand for modern technology while easing the financial burden on consumers.
Download the Alif Shop app now to take advantage of this offer: (www.bit.ly/GetAlif)
About Telemart
Telemart is one of Pakistan’s foremost e-commerce platforms and the country’s first omni-channel retailer, specializing in electronic products. With an expansive network of 37 “PHYGITAL” offline stores across 25 cities, Telemart is revolutionizing Pakistan’s USD 15 billion consumer electronics market by integrating technology and innovation to create a seamless shopping experience.
About Alif Innovations
Alif Innovations Pvt. Ltd. is a registered company with the SECP in Pakistan, focusing on creating marketplace solutions that connect retailers, consumers, financial institutions, and technology providers. Part of the Alif Group, which was founded in 2014 in Central Asia, Alif Innovations brings a fintech ecosystem serving over 2 million customers and retailers across the region.
