Economic fallout from coronavirus could reshape prepaid wireless plans - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

ICYMI: Rather than letting customers revert back to prepaid plans amid economic fallout from coronavirus, network operators should offer new forms of postpaid plans

customers were shifting from prepaid to postpaid as the economy improved and the gap narrowed between postpaid and prepaid plans.

The economic fallout catalyzed by the coronavirus pandemic will likely disrupt the migration away from prepaid plans or comparable options. Low-wage workers are to be hit the hardest by the work stoppages associated with the quarantine measures intended to curtail the pandemic. to a 60-day pact with provisions to waive coronavirus-related late fees, this would not be enough to offset the broader, long-term consumer liquidity crunch that will accompany a prolonged period of unemployment.

Similarly, adjusting phone payments plans to have lighter up-front installments could help ease the near-term financial burden, as consumers navigate the uncertain conditions of life amid the pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines