SurgePays and LowWeeklyPayments Sign Joint Venture LOI as Smartphone Rent-to-Own Program Scales Past 100 Dealers
SurgePays announced a letter of intent for a joint venture with LowWeeklyPayments, in which SurgePays will hold a 51% stake. The smartphone rent-to-own program has scaled past 100 dealers, with a target of 500 locations by year end.
Why it matters — This signals expansion of SurgePays' rent-to-own business through a majority-owned partnership, indicating growing traction in that revenue channel.