The Nigerian Consumer Credit Corporation (CREDICORP) has launched a new consumer credit scheme called "Fly Now, Pay Later (FNPL). This consumers credit scheme is aimed at making domestic flights more accessible for Nigerians. The goal is to allow eligible customers to book local flights and pay later over time with structured repayment methods.
The FNPL is offered in partnership with Visaro Nigeria and Alert Microfinance Bank. Visaro is a tech company providing Buy‑Now‑Pay‑Later (BNPL) services and digital payment infrastructure to improve access to essential services and consumer finance. Alert MFB, on the other hand, is a CBN-licensed microfinance institution that began operations in 2014 as BOIG Microfinance Bank.
These advanced travel booking services with accessible credit financing will enable customers to enjoy flexible payment options when planning local flights and other travel-related expenses. To be implemented properly, the integration combines Visaro’s payment technology, CREDICORP’s consumer credit expertise, and Alert Microfinance Bank’s robust financial infrastructure.
Under this arrangement, customers can book local flights through the Visaro Nigeria digital platform and select a suited installment plan at checkout. However, customers are required to make an initial deposit of 30% of the ticket cost and the outstanding balance will be split into three months repayments.
Notably, the three months installment repayment plans are interest free with no additional costs. It's also important to note that this is not the first time CREDICORP is expanding access to consumer credit to improve quality of life. The federal government-owned development finance institution partnered with NADDC in December 2024 to launch a consumer credit scheme for locally assembled automobiles.
The CREDITCORP's partnership with NADDC also involved automobiles manufacturers like Innoson, Nord, and PAN.
Another notable credit initiative from CREDITCORP is the YouthCred programme—a credit scheme that offers Nigerians between the age of 18 and 39 access to up to N3 million in consumer credit through a digital process. The agency also launched a pension-backed loan programme for retirees in partnership with Leadway Trustees and Optimus Bank in 2025.
According to the agency's disclosure, over N37 billion in consumer credits have been disbursed within one year of operations. The latest of its credit inclusions is the Fly Now, Pay Later it's launched in partnership with Visaro NIgeria and Alert Microfinance Bank.
We are proud to introduce Fly Now, Pay Later, a new consumer credit solution designed to make local air travel more accessible for Nigerians.Through this initiative, eligible customers can book domestic flights today and repay the cost over time through structured financing, removing the upfront barrier that often delays important trips.
CREDITCORP
