PayJoy Wins BNPL Platform Award
PayJoy was named Consumer BNPL Platform of the Year by FinTech Breakthrough for extending credit access to millions of first‑time borrowers across emerging markets — a credibility boost for partners and distribution channels. The recognition can help PayJoy’s B2B sales conversations with OEMs, retailers and telcos focused on financial inclusion. (prnewswire.com)
FinTech Breakthrough published its 10th annual winners list on March 19, 2026 and runs an awards program judged by an independent panel of industry experts. (fintechmagazine.com) PayJoy marked its 10th anniversary on June 3, 2025 and reported serving 15 million customers across its markets in that company announcement. (prnewswire.com) In a Sept. 5, 2023 PR, PayJoy disclosed a $360 million capital raise made up of $150 million in Series C equity and $210 million in debt. (prnewswire.com) The company’s financing model uses the smartphone as collateral with proprietary phone‑security/lock technology and maintains an OEM compatibility program that has included Samsung and Transsion among compatible manufacturers. (payjoy.com) Commercial rollouts include a partnership announced with Smart Communications to launch smartphone financing in the Philippines (June 30, 2025) and a market launch in Indonesia with a corrected press release dated Feb. 17, 2026. (globalfintechedge.com) PayJoy’s partner-facing materials advertise roughly 95% application approval for phone finance, reported uplifts such as as much as a 100% increase in sales and a 33% rise in average sale price for retailers, and published API documentation for integrations. (payjoy.com) PayJoy has stated it reports loan performance to credit bureaus and in earlier filings said it had deployed over $2 billion of credit to millions of customers across Mexico, Brazil, South Africa, Ecuador, Peru, Panama and Colombia. (payjoy.com)
