Tech giant launches SA e-store with flexible payments
LG Electronics South Africa plans to officially roll out its e-commerce platform by the end of August 2024.
According to BizCommunity, South Korean multinational LG will focus on offering flexible payment and credit options to consumers in South Africa.
According to LG, this move aims to make it easier for South Africans to access LG’s full range of premium electronics and appliances.
Buy now, pay later for LG tech
The new online store will feature a wide selection of products, from OLED and QNED televisions to home appliances, monitors, and air conditioning units.
A variety of payment methods will be available to local customers, including a buy-now-pay-later plan with zero-interest installments, along with other credit facilities.
Subsidiary president at LG Electronics South Africa, Jinkook Kang, emphasised the importance of these payment options in removing financial barriers for consumers.
“We understand that investing in quality electronics is a significant decision,” Kang said. “By offering flexible payment options and seamless returns, we are empowering our customers to embrace the good life that comes with LG technology.”
The inclusion of flexible payments is a strategic move by the company to cater to customers who might otherwise hesitate to invest in high-end electronics due to upfront costs.
Netflix considers offering its streaming service for free
In other tech news, streaming giant Netflix is also looking for more ways to increase its customer base, and has discussed creating free versions of its service.
Netflix is exploring the possibility of introducing free versions of the platform in select international markets.
This would be rolled out mainly in Asian and European markets – but may not necessarily exclude South Africa – as part of Netflix’s strategy to expand its audience.
Previously, Netflix tested a free plan in Kenya, but the initiative was discontinued in 2023.
Now, the company’s top executives are considering whether to launch a free service in larger markets. In particular, those with popular free-to-air TV networks where the streaming platform also sells advertisements, such as Japan or Germany.