MusicMagpie and Asda complete rollout of SmartDrop Kiosks
MusicMagpie has announced that the roll-out of its SmartDrop kiosks in Asda stores has now been completed.
The kiosks, which are available in 290 Asda supermarkets, offer customers a free way to recycle unwanted phones for instant cash.
So far, over £7 million has been paid out to customers using the kiosks, with 25,000 phones beings traded in at an average price of £273 over the past 12 months.
MusicMagpie is now exploring further opportunities for its SmartDrop Kiosks.
Steve Oliver, chief executive and co-founder of MusicMagpie, said: “In the current climate, it’s critically important that we make it as easy as possible for people to free up cash – especially as we know that that the average household has 11 items of unused consumer technology lying around, totalling £16.5 billion across the UK and depreciating by the day.
“The wider partnership with Asda is an integral part of our ‘buy more, sell more, rent more’ strategy, and gives consumers even more opportunities to make decisions that are both smart for them and smart for the planet.”