Our Business / Software Solutions / CoolPay
CoolPay
Device Risk Management Platform

Get the device you want today. Pay for it your way.

CoolPay lets retailers offer flexible device installment plans (low down payments, no credit card required) while staying fully protected against non-payment from day one to payoff.

Safe & Secure Quick & Easy Fully Compliant
Request a Demo How It Works Browse Devices
Smartphone financed through CoolPay
Down Payment
From 10%
Requirement
No Credit Card
Installment Period
Up to 24 Months
Flexible financing, built into every plan
10%
minimum down payment, keeping devices accessible from day one
24 mo
maximum installment period, configurable to any financing program
0
credit cards required: customers pay through the channels they already use
Overview

Turn device financing risk into a manageable, visible process.

When a device is financed through CoolPay, Universal Business Solutions carries the risk directly, issuing the loan and managing repayment from day one to payoff.

CoolPay is built on proven device risk management technology, brought to Sri Lanka with local implementation and support.

2 in 3

adults worldwide still lack access to a mobile device. Device financing is one of the clearest ways to close that gap.

Source: GSMA, The Mobile Economy
How it works

From enrollment to recovery, in one platform.

01

Enroll the device

Devices are registered against the financing agreement at the point of sale, linking the device to the customer's payment schedule.

02

Monitor payment status

CoolPay continuously tracks repayment status and flags accounts approaching or past due.

03

Act on risk

Automated controls respond to missed payments.

Devices financed through CoolPay

Works across the mobile devices your customers already want.

With CoolPay, customers can purchase devices of their choice.

Samsung
Xiaomi
Oppo
realme
Infinix
Tecno
Honor
Motorola
HMD
TCL
Meizu
nubia
Wiko
UMIDIGI
Blackview
HOTWAV
OSCAL
Model pricing

Current CoolPay financing pricing, by model.

LKR 30,000
LKR 610,000

Samsung F07, front and back
4Gb/64Gb

F07

Full price LKR 48,665
Down payment LKR 14,600
3 moLKR 12,718
6 moLKR 7,040
9 moLKR 5,148
12 moLKR 4,201
Samsung A07, front and back
4Gb/64Gb

A07

Full price LKR 48,666
Down payment LKR 14,600
3 moLKR 12,718
6 moLKR 7,040
9 moLKR 5,148
12 moLKR 4,201
Samsung A07, front and back
4Gb/128Gb

A07

Full price LKR 59,429
Down payment LKR 17,829
3 moLKR 15,531
6 moLKR 8,597
9 moLKR 6,286
12 moLKR 5,131
Samsung A07, front and back
6Gb/128Gb

A07

Full price LKR 70,012
Down payment LKR 21,004
3 moLKR 18,296
6 moLKR 10,128
9 moLKR 7,406
12 moLKR 6,044
Samsung A37 5G, front and back
8GB/128GB

A37 5G

Full price LKR 206,299
Down payment LKR 61,890
3 moLKR 53,913
6 moLKR 29,845
9 moLKR 21,822
12 moLKR 17,810
Samsung A37 5G, front and back
12GB/256GB

A37 5G

Full price LKR 232,189
Down payment LKR 69,657
3 moLKR 60,679
6 moLKR 33,590
9 moLKR 24,560
12 moLKR 20,046
Samsung TAB A11, front and back
4Gb/64Gb

TAB A11

Full price LKR 72,819
Down payment LKR 21,846
3 moLKR 19,030
6 moLKR 10,534
9 moLKR 7,703
12 moLKR 6,287
Samsung M17 5G, front and back
6Gb/128Gb

M17 5G

Full price LKR 87,930
Down payment LKR 26,379
3 moLKR 22,979
6 moLKR 12,721
9 moLKR 9,301
12 moLKR 7,591
Samsung M17 5G, front and back
4GB/128GB

M17 5G

Full price LKR 79,962
Down payment LKR 23,989
3 moLKR 20,897
6 moLKR 11,568
9 moLKR 8,458
12 moLKR 6,903
Samsung A17 5G, front and back
8GB/128GB

A17 5G

Full price LKR 103,026
Down payment LKR 30,908
3 moLKR 26,924
6 moLKR 14,904
9 moLKR 10,898
12 moLKR 8,895
Samsung A17 5G, front and back
8Gb/256Gb

A17 5G

Full price LKR 127,608
Down payment LKR 38,282
3 moLKR 33,348
6 moLKR 18,461
9 moLKR 13,498
12 moLKR 11,017

Pricing shown is indicative and subject to change without notice. Final terms are confirmed at the point of application.

Payment methods

However customers pay, CoolPay keeps every installment visible.

Repayments can be made using the following methods.

Credit & Debit Card
Bank Transfer
Mobile Wallet
Cash at Dealer

See CoolPay in action

Request a walkthrough tailored to your device financing program.

Request a Demo