Azumi Mobile announces support for PayJoy’s Lock to enable smartphone financing

Azumi Mobile has announced support for PayJoy’s Lock, a patented Android application that can remotely lock and unlock smartphones offered on an installment plan by retailers, mobile operators, and finance companies.

The PayJoy Lock locks the smartphone when a consumer misses a payment, but enables the user to remain connected to make emergency and support calls as well as to access critical applications like mobile money.

GSMA stats show that smartphone ownership in Africa has doubled over the past two years to nearly 200 million connections, a number expected to rise to more than half a billion by 2020. However, smartphone shipment growth is stagnating as prices stabilise rather than continuing to fall. Innovative installment plans are one key to the reigniting rapid growth of Africa’s smartphone market.

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“This announcement with Azumi Mobile is another step towards fulfilling our mission to make smartphones affordable worldwide through a unique technology that enables people who lack credit to purchase their first smartphone on an installment plan,” said PayJoy’s CEO and co-founder, Doug Ricket. “Azumi addresses consumer needs in emerging markets by providing high quality and high performance smartphones but at an affordable price.”

“We are excited to implement the PayJoy Lock within the Azumi Mobile smartphone family as it will enable consumers around the world to experience Azumi technologies for an affordable monthly installment,” said Tayshira Santamaria, GM of Africa, Azumi Mobile. “Azumi delivers an optimised Android smartphone user experience key for emerging regions where costs and quality are especially attractive.”

Smartphone uptake across and within African regions and markets is not balanced, with the risk that large population groups will be left out of the emerging digital economy without the means to afford a mobile connection via a smartphone. “With this announcement, we believe that we can contribute positively to the accessibility and affordability of smartphones in Africa”, said Ricket.

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PayJoy Lock is expected to be available running on Azumi Mobile smartphones in early 2018.

About Azumi Mobile:

Azumi has been manufacturing and marketing mobile phones to operators and retail stores in the Americas and Europe since 2010. Azumi are currently in 25 countries and expanding rapidly into African markets. Azumi Mobile comes to redefine what you expect from a mobile phone, a balance between design, innovation and price. For more information please visit our website at

About PayJoy: 

PayJoy was founded in 2015 in San Francisco with the mission of making smartphone technology and financial services affordable to everyone worldwide.  PayJoy’s patented technology for locking smartphones and proprietary data science for underwriting customers enables people who lack credit to qualify for an installment plan to purchase their first smartphone.

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Today PayJoy offers finance to millions of customers in the US and Mexico, and is expanding throughout Latin America, Asia, and Africa in 2018.  PayJoy’s team of 60 professionals brings premier fintech experience from Google, Facebook, Amazon, PIMCO, McKinsey, Oportun, and Merrill Lynch.  PayJoy is funded with over $30M of equity and debt from top fintech investors including Union Square Ventures.


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