Verizon announced Thursday that small business customers can now take advantage of monthly payment plans for new smartphones and other devices, avoiding a big cash outlay upfront.

The new installment plans for businesses are interest-free, spread over 24 months and mimic what Verizon already offers to consumers, Verizon said in a statement.

Monthly payments for smartphones have been adopted by many carriers partly as a way to ease the cost of upgrades borne by buyers as carriers and smartphone makers see smartphone sales flatten.

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