This episode is also available on YouTube - https://youtu.be/__sA8e797bE Today on the Techpoint Africa Podcast, our Senior Reporter Chimgozirim Nwokoma sits down with the CEO and Co-founder of CDcare, Oluwatobi Odukoya. The two discuss the intricacies of the Buy Now, Pay Later (BNPL) boom in Nigeria, CDcare's role in it, the challenges BNPL companies face and their plans for the future. To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Explore the fintech in everything at The Fintech Summit 2022 Timestamps 00:00 - Intro 01:26 - We meet Tobi 03:02 - Why did you start CDcare? 06:35 - Why this particular model? 08:50 - Why is BNPL becoming the in thing? 10:25 - Benefits of BNPL for both buyer and seller 11:56 - Why can you pay up to 12 months? 15:49 - CDcare for cars 17:45 - Most purchased products 19:23 - How should BNPL be regulated? 25:36 - Is BNPL applicable across board? 31:07 - Is there an opportunity for a centralised credit bureau? 35:26 - Thoughts on competition 40:24 - How has CDcare overcome trust issues? 43:00 - Does CDcare have plans to provide a financial savings feature? 46:27 - Thoughts on B2B credit 48:01 - Challenges 54:06 - How a customer tried to scam CDcare 57:46 - Exchanging information about defaulters Useful link CDcare’s buy and “pay small small” model wants to fix Nigeria’s shaky credit culture This episode was produced by Ogheneruemu Oneyibo and Gracious Sede Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories. Music - Beach by MBB