Bolt & CredPal Partner To Allow Users Ride On Zero Balance, Pay Later; How To Use Bolt’s “Ride-On” Feature


CredPal, a Nigerian fintech startup offering buy now, pay later (BNPL) services, has partnered with Bolt Nigeria, the country’s largest ride-hailing platform. This collaboration will allow Bolt users to defer their payment for rides to a later date using CredPal’s “Ride-On” feature. Users can now choose this option on the Bolt app during checkout instead of the traditional cash or card options.

The BNPL model is gaining traction in Nigeria, and CredPal is among the top providers of credit financing solutions in the country. These platforms enable users to pay for goods and services in installments, rather than upfront.

How To Use The Bolt x CredPal “Ride-On” Feature

To access CredPal’s “Ride-On” feature and pay for their Bolt rides at a later date, interested users must do the following to qualify and use the feature:

  1. Download the CredPal app and register as a user 
  2. CredPal will then conduct a credit search on the user
  3. If successful, users can select “CredPal” as a payment option on the Bolt Nigeria app – this means you will now have 3 options to fund your trip (Cash, Card, and CredPal)

According to Fehintolu Olaogun, the CEO and Co-Founder of CredPal, transportation is a critical daily need, and Nigerians should consider including it in their monthly budget planning. In his statement, he said, “What we’ve done with CredPal Ride-On is offer a choice of using credit that has been availed to them to better manage their monthly expenses.”

Kwaku Ampadu-Manu, Bolt’s Country Sales Manager, observed that Ride-On is a valuable product that can promote the uptake of digital payments and offer Bolt riders an additional payment alternative. He stated, “This partnership gives riders access to a much-needed alternative that meets their mobility needs without immediately spending out of pocket, and we are happy to work with CredPal to foster our mission of making our cities for people and not cars.”


Unlike other BNPL payment methods, CredPal’s “Ride-On” does not require users to pay a portion of their fare during the ride. While this is a new feature for Nigerians, similar services have been available in other markets for some time. For example, in 2016, the Indian ride aggregator Ola launched its own credit service, which gave users a seven-day payment window after a ride. Similarly, GoCatch, one of Australia’s most prominent ride-hailing startups, partnered with Zip, a BNPL service, to offer riders the option of making payments in installments.

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