Carbon Bank launches the future of payments for Africa with Zero Buy Now Pay Later (BNPL)


Carbon (, a pan-African credit-focused digital bank, today launched Carbon Zero: (, a web-based buy-it-now, subsequent payment that helps customers spread the cost of purchases in interest-free installments, in-store or online. Since its creation at the end of 2021, Carbon Zero has generated ₦2.3 billion in requests from 41,000 customers who requested a spending limit.

Instant Approval

Using proprietary technology that Carbon has developed and improved over its 10 years as a credit provider, Carbon’s decision engines can automatically assess affordability and give accurate credit decisions in seconds. By simply sharing their BVN and bank account number, millions of people can shop with interest-free credit seamlessly.

Largest spend amounts in the market

Based on affordability, Carbon Zero allows customers to spend up to N2.5 million with Carbon Zero. This is far more than the spending limits offered by competitors, with most being between ₦150,000 and ₦500,000. This of course makes Carbon Zero the de facto choice for customers with higher purchasing power.

The best interest rate: 0%

This one is easy to explain. Carbon Zero charges literally ZERO percent interest on all purchases which are repaid on time and in full in 3 installments, giving Carbon Zero an advantage over competing BNPL providers who charge interest for short maturities.

“We believe that access to credit and good financial services is a fundamental human right. The costs of basic goods and services are rising and increasingly beyond the reach of customers, so it’s only natural that people need help financing what we consider daily modern necessities. Chijioke Dozie. CEO, Carbon

Distributed by APO Group on behalf of Carbon.

About carbon:
Carbon is a pan-African credit-focused digital bank. Headquartered in Lagos, Nigeria, with operations in Nigeria, Ghana and Kenya, Carbon is a global company with over 150 employees.

Founded in 2012 as One Credit to provide loans to wage earners in Lagos, it later introduced a series of alternative services such as bill paying, airtime purchases and issuing free credit reports to users.

Today, Carbon offers a no-fee checking account that earns interest and cash back on card purchases right out of the box. Plus unsecured loans and investment plans of up to 14.5% per annum. With Zero, the startup aims to continue its mission of providing modern credit products and building value-based relationships with customers.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.


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