Turn Every Smartphone into Security with SMF’s PhoneCredit
Turn your customer’s running phone into your smartest collateral!
Want to safeguard your business? With SMF’s PhoneCredit, retailers can instantly use customers’ running phone as a collateral to secure their business whether for newly
financed smartphones or other electronic items and consumer durables. No hard resets. No data loss. Just a smart, secure layer of protection that keeps your business risk-free until repayments are complete.
Simple. Safe. Seamless Financing.
Why Retailers Trust PhoneCredit
Gain control over financed assets and minimize defaults through smart device-based protection.
Secure device locking prevents misuse, resale, or tampering, protecting asset value end-to-end.
Offer financing to customers with limited credit history and tap into new, fast-growing buyer segments.
Enable customers to upgrade to new smartphones or electronics on monthly payments.
Integrate smoothly, reduce friction, and deliver a trusted, transparent financing experience.
How PhoneCredit Works
The customer provides their existing phone as security
The device is secured using SMF’s PhoneCredit
A new smartphone or electronic item is financed instantly
Repayments are tracked; missed payments trigger a device lock
Borrower provides their existing phone as security
Lender evaluates the phone and approves the credit
Cash loan is disbursed, or a new device/electronic is financed
Repayments are tracked; missed payments trigger device lock
Key Features
Device Lock
Secure the financed devices remotely and unlock them instantly upon repayment.
No Hard Reset
Set up device locking on a running phone without the need to reset the device.
Payment Reminders
Automated alerts help customers stay on schedule, improving repayment rates.
The PhoneCredit Advantage For Retailers
Boost sales and enable easy upgrades to higher-value devices or electronics. PhoneCredit gives you complete control in the critical early-repayment period. It integrates seamlessly, making financing simple for customers and profitable for your business.
Seamless, Safe, and Built for Retail Financing
PhoneCredit empowers retailers to finance confidently, recover smartly, and scale fearlessly, all through the power of a single platform.
Frequently Asked Questions:
Yes. PhoneCredit can be installed on new or existing Android smartphones without requiring a device reset, preserving data and ensuring a seamless customer experience.
Yes. PhoneCredit can be used as a second layer of protection, adding a double lock shield without resetting or disrupting the existing system lock.
Primarily smartphones, but retailers can also extend financing to other electronics or consumer durables.
The device enrolled on PhoneCredit can be remotely locked until payments are made, helping protect your financed asset.
Yes. PhoneCredit is designed to extend financing to all customers who can give a smartphone as security, even if they do not have a formal credit history. Thus, expanding your customer base.