Skip to main content

JUMIA TO LAUNCH ITS OWN MOBILE MONEY WALLET JUMIA PAY

<img src=" alt="jumia1banner.jpg" />


Leading pan African e-commerce Jumia announced yesterday the launch of JumiaPay, a third party online payment solution aimed at providing a safer, faster and more convenient online payment experience.
The online payment solution JumiaPay is a first for e-commerce Jumia and will most certainly be decisive in facilitating online payments across the 23 African countries where it operates, encouraging the progressive change to cashless societies. If the majority of payments performed on Jumia’s platforms is cash on delivery (between 70 to 90%), JumiaPay comes as a major milestone for improving customers’ online experience for the coming months and years, following in the footsteps of Chinese e-commerce Alibaba and its online payment platform AliPay.
Jeremy Hodara, coCEO of Jumia, emphasized the value added of the new payment platform for the online customer: “Jumia Pay has a very simple yet crucial objective: go even further in providing a safe, a secure and a convenient shopping experience to our customers, building trust along the way between us, our thousands of sellers and our millions of customers. We are very proud to be able to offer this new service to our customers and participate in building financial inclusion in Africa to unbanked or underbanked populations”. JumiaPay will first be implemented in Jumia’s biggest market, Nigeria, with more innovations to come before the end of the year.
The advantages of mobile money are central for ecommerce in African countries where mobile penetration is soaring and where the main challenges are to build trust for the customers and provide adequate payment systems. Indeed, already 50% of Jumia customers access the different platforms via their mobile phone, that figure reaching 70% in Nigeria. With its very secure payment system using a confidential code, mobile money payment is among the most trusted forms of payment across Africa. Mobile money also offers many perks for the customer.
First, the transfer is instantaneous and cheaper than any bank transactions. Second, payments via mobile money do not require the user to have a bank account, something decisive in 19 African countries where the population has less bank accounts than it has mobile money accounts.
Jumia has also collaborated with leading telecom companies MTN, Orange and Tigo to launch their own mobile money solutions on 20 of its platforms, spread across 8 African countries (Senegal, Cameroon, Ivory Coast, Ghana, Rwanda, Uganda, Nigeria).
Orange Money solutions are expected to launch in Ivory Coast and Cameroon at the beginning of Autumn on Jumia’s two biggest platforms there, Jumia Mall and Jumia Market (formerly Kaymu). MTN Mobile money and Tigo Cash are already live on more than 20 Jumia platforms (Jumia Mall, Jumia Market, Jumia Food, Jumia Travel and Jumia Deals) across 7 crucial countries in Africa, including 2 (Ivory Coast and Uganda) where the portion of the population with a mobile money account is higher than the portion of the population with a bank account. JumiaPay will undoubtedly be a stepping stone in ensuring safer transactions between customers and Jumia benefit greatly the thousands of local businesses and vendors who sell daily on the many platforms of the company, helping them connect in a more secure and convenient way with their customers.
Robinson Murage
Communications Manager
Jumia Kenya
Skype: robinson.murage
Mobile: 0705414775
<img src=" alt="ke-w31-mcb-gm-gm-tv-10820.jpg" />
Labels:

Comments

Post a Comment

Popular posts from this blog

MOURNING THE ONLY PRINCIPAL I KNEW

By Dr.Paul Bundi Karau I arrived at Kanyakine High School on 18th February 1999 a small village boy. I had never been to a boarding school, and certainly this is the furthest from home I had ever gone. The boys who were assigned to escort me to Mungania dorm looked at my stunted height and loudly wondered how I would survive in Beast's school.  "Who is Beast?" I asked in bewilderment. "You will know." Musyoki answered curtly. It didn't take me long to know who Beast was. The following day, as the 10 o'clock tea was being served, I heard a commotion, with boys leaving their tea and running helter-skelter towards the classrooms.  I was a fresh mono, so I didn't know what was happening. I ran along the pavement, and came upon a mighty man, who appeared to be adjusting his trousers. He yanked his belt and thrust one whip towards me. I had encountered Beast himself. He was tall, imposing, burly and endowed with a thunderous voice that could re...
2 comments
Read more

Political Tumbocrats

*Political Tumbocrats* A political tumbocrat is a person who hangs around elected leaders to satisfy her/his personal greed. Tumbocrats sees a leader as a demigod whom they worship. The r bootlickers and sycophants of the highest order. Their work is to defend leaders and cheat public that something is happening. A tumbocrat has no values or morals. A tumbocrat is not interested with common good but personal good. A tumbocrat has no vision but appetite for being near high table of power  and feeding on crumbs.   Tumbocrats are greatest obstacles to development in our country. They protect the corrupt and shield the bad governance in so far as they get something to fill their tumbos. They are good and articulate in arguments but they lack the moral authority because they don't value truth. Every political leader is surrounded by tumbocrats. They are the noise makers in social media and around leaders defending them. They peddle lies en create propagandas . They confuse the publ...
Post a Comment
Read more