All you need to know about the ‘fly now, pay later’ initiative for local Nigerian flights

In light of the hike in flight fares, the federal government launched the fly now, pay later program, where employed Nigerians can book domestic flights and pay later.

Aside from cushioning the effect of the surge in flight prices, the initiative is also targeted at easing financial barriers faced by Nigeria, which mostly delay important trips nationwide. 

An initiative of the Nigerian Consumer Credit Corporation (CREDICORP), the scheme is being delivered in partnership with MyVisaro and Alert Microfinance Bank. It forms part of the FG’s dedication to ensuring access to fair and responsible consumer credit networks.

With this, booking domestic flights just got better. Nigerians who can afford a local flight can now book and schedule their payment on an installmental basis.

This article will detail what you should know about the ‘fly now, pay later’, how to register and onboard, and details on the payment process. 

Key details to note

The following list contains an overview of the initiative. 

• The service is only available for employed individuals.
• Airlines available in the service are Arik Air, Green Africa, Air Peace, and Dana Air.
• CREDICORP partnered with Visaro and Alert Microfinance Bank. In the setup, Visaro deals with the onboarding process while the wallet is automatically created and registered with Alert.
• The payment is installmental and interest-free. However, there’s an initial 30% deposit of the total flight fee. 

Also Read: FG launches ‘fly now, pay later’ for local flights amid rising air fares.

How to onboard 

Before you can take advantage of the scheme, you first need to create an account, verify and onboard on the Visaro portal.

1. Onboarding 

Step 1: On your browser, input the URL: visaro.ng

Step 2: Click on “Get Started”. Then select “Create Personal Account.”

Onboarding process

Step 3: Input an active email address, and verify. 

Step 4: Create your strong login password, then enter your national identification number (NIN) for identity verification.

Step 5: With your identity confirmed, complete your profile by filling in an active phone number, gender, place and date of birth, and others. 

Step 6: Verify your phone number. This might take time depending on how strong your connection is. If the confirmation code is taking forever, you can skip and do it later via your dashboard. 

Step 7: Create your unique username. Then take a pic or upload from your file to create a profile picture. 

2. Setting up your account 

On your dashboard, you will need to complete your registration and do some verifications before you can access the fly now, pay later service.

Visaro Dashboard

The following are items you need to insert, and ones that require your verification

• Phone number, if you are unable to during the onboard.
• Verify Bank Verification Number (BVN).
• A liveness check for your face scan to secure your account.
• Link your Bank Account and add Bank Account Details. This is the account from where you can fund your wallet on the dashboard. Once you link the account, your Alert wallet will be automatically created.
• Add Employment details.
• Link your debit card by providing the serial number and expiry date. 

Verifications

Access to the service will be granted once your verifications are completed and confirmed.

3. How it works 

Step 1: On your dashboard, click on Aviation. Then book your flight through the available aviation partners. 

Step 2: Attest to the instalment option at checkout. 

Step 3: Make a 30% initial deposit and split the remaining balance into 3 monthly instalment payments.

Ensure you choose Visaro BNPL as your payment method. Also, you’ll need to provide some basic information for a quick credit check on the platform.

While installmental payment is interest-free, late fees may apply if a scheduled payment is missed, and future eligibility for Visaro services may be affected.

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