Umeedpay is a specialized Buy Now Pay Later service platform, powered with NBFC License, enabling digitization through affordable Shariah compliant smartphone financing, with a focus on the underserved segment.
Our innovative solution enables micro-lending of data and telco recharge on credit without documentation, empowering unbanked individuals to access essential services. Through our platform, users can acquire devices on ethical financing and build credit scores, facilitating their financial inclusion journey.
At Umeedpay, our mission is to transform lives through accessible financial and digital services to unbanked populations. We believe in providing everyone, affordable access to quality smartphones and digital solutions.
Enabling the underserved through financial inclusion
Over 70 million - not using smartphones.
Limited Access to Financing
Undocumented Economy
Affordability Constraints
Lack of Financial Literacy
Lack of Credit Score
Financial Assessment Difficulties
Smartphone on Instalment
Phone as Collateral
Smartphone Retailers as Channel Partners
Real Time Credit Decision
At Umeedpay, we believe that universal access to digital devices is achievable in every market. Our platform brings together key stakeholders, such as banks, financial institutions, microfinance companies and technology platforms, onto one unified platform, streamlining the process.
Customers can apply for financing through app/website. We are near to launch our customer facing application for processing of financing applications.
Financial solutions aligned with your values.
Quick and easy financing approvals.
Protect Your Investment with Comprehensive Insurance Coverage.
Flexible payment plans for financial stability.
Easily upgrade to the latest smartphones with our buy-back option.
Robust security measures to protect your privacy.
Our wide range of smartphones offers options for every need, from flagship models to budget-friendly choices, ensuring there's a perfect device for everyone.
Browse and choose the phone to buy on instalments.
Select the advance payment and instalment plan that fits the budget.
Complete a simple form with personal and financial details to finalize the plan.
B2b
B2b2c
Partner network
B2c
Umeedpay leads the Next Billion Users initiative, dedicated to closing the digital divide and empowering underserved individuals by providing accessible smartphone financing and extending our program to include affordable digital tools.
Through strategic partnerships, transparent financing and a focus on gender inclusion, we unlock the potential of the digital age for all, ensuring no one is left behind.
Umeedpay envisions a future where digital inclusion & empowerment are accessible to all, creating a positive impact on individuals, communities & the world as a whole
AgriTech
EduTech
HealthTech
FinTech
Ecommerce
Women Initiatives
Customer can avail smartphones from Umeedpay by applying with the required documentation. An individual with a valid CNIC, age 18 years to 60 and a permanent resident of Pakistan with minimum 20,000 income can apply for smartphone financing.
Customer details are verified (where required through a 3rd party agency) and upon positive verification and DBR (Debt Burden Analysis) smartphone financing is granted.
From 20% to 50% of the phone price
Financing & insurance fee applicable as per the phone price and tenure
Processing Fee fixed for all tenures
3 Month
6 Months
9 Months
12 Months
Coverage against loss and theft only
The customer gets payment reminder 4 days before the payment date via call and SMS
Customer is again called on the due date and reminded of payment
Umeedpay provides buy back and upgrade policy to its customers in case they are not able to make payment as per the payment schedule communicated to them. The process is devised to assist the customer and prevent defaulting and damaging their credit score.