IDG Contributor Network: IoT devices-as-a-service through Angaza's SMS based installment payment plan
Can rent-to-buy plans make IoT devices affordable for thousands who need them, but can't afford to buy one?
Solar panels can help African farmers with lighting and power, but are often out of reach. How can the purchase price be split into small installment payments that are manageable. How can IoT enable such a business model? How can low-cost devices communicate when both cellular and radio based transmitters aren't viable? How are such devices distributed and payments collected across a vast continent?
Angaza’s approach combines IoT devices enabled with SMS based installment payments.
Background
Around 1.2 billion people live without access to electricity. Off-grid energy appliances and services can address this issue, especially in developing countries. The Global Off-Grid Lighting Association (GOGLA) expects the off-grid energy and appliance market to be a $50 billion per year opportunity.
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