Vodafone youth brand VOXI has introduced new payment terms, helping customers looking for affordable options to spread the cost of their mobile handset.
VOXI customers can now select Buy Now Pay Later (BNPL) – PayPal Pay in 3, allowing them to spread the cost of their device over three payments. Alternatively, customers can now choose to spread the cost across 12, 24, 30 or 36 months with PayPal Credit*.
Through its partnership with leading payments services provider PayPal, VOXI had previously only offered a 30-month credit term to customers.
VOXI Buy Now Pay Later services will initially be rolled out to existing VOXI customers only, before being extended to new customers from April 2024. Available to purchase through the VOXI website, devices must cost a minimum* of £99 to qualify for a 12/24/30/36-month credit plan or between £30 and £2,000 to qualify for a Pay in 3 credit plan – subject to terms and eligibility.
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Buy Now Pay Later is currently the fastest-growing online payment method in the UK, with a growth rate double that of bank transfers and more than triple that of digital wallets. As of 2023, more than one-third (36%) of UK residents have used BNPL services at some point, which equates to more than 19 million people.
An additional 13% intend to use BNPL services in the future, while BNPL has been found to be more popular among millennials, with more than half (55%) using the payment method as of 2023. The global BNPL market is forecast to grow by £34.8 billion between 2022 and 2026.**
Scott Currie, Head of VOXI by Vodafone, said: “We’re delighted to expand our partnership with PayPal and offer VOXI customers even more ways to pay, giving enhanced choice and flexibility for those looking to buy a handset. With Buy Now Pay Later options like Pay in 3, and the ability to split the total cost over 12, 24, 30 or 36 months, customers can choose the plan that’s right for them.”
Visit the VOXI website for further details about the range of mobile handsets available.
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Notes to Editors
*PayPal Credit: Representative APR 23.9% (variable)
** Source: analysis conducted by finder.com.
Vodafone Limited, trading as VOXI, acts as a credit broker and not a lender, exclusively for PayPal Credit. PayPal Credit and PayPal Pay in 3 are trading names of PayPal UK Ltd, Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH. Terms and conditions apply. Credit subject to status, UK residents only, PayPal Pay in 3 is not regulated by the Financial Conduct Authority. Pay in 3 eligibility is subject to status and approval. 18+. UK residents only. Pay in 3 is a form of credit. Check if affordable and how you will repay. May make other borrowing more difficult or expensive. See product terms for more details.
Find out more about PayPal credit.
VOXI is powered by Vodafone’s reliable, award-winning network.
About VOXI
VOXI by Vodafone, the award-winning mobile network, lets its customers use selected social, music and video apps as much as they like, without eating into their general data allowance. All plans are 5G-enabled and have unlimited calls, unlimited texts and unlimited picture messages. VOXI plans work like a flexible monthly subscription with no contract, so customers can change or cancel their plan whenever they like.
