Meet mobicred: South Africa’s first online only credit facility

There’s not much of a limit on what you can buy online these days. Thing is, in South Africa at least, almost all of those ways involve having a bank account and, if you want things to be really simple, a credit card.

But what if you could finance your online purchases with a single credit product where everything from application to first payment happens online?

That’s pretty much the premise behind mobicred, a revolving credit product looking to take advantage of the boom that’s hit the South African ecommerce space over the past couple of years by offering a centralised account that you can access across a number of merchants.

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