“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.” – jeremy hodara, coceo of jumia. These are the words of co founder of Jumia
With this news, the rivalry between Konga and Jumia have between extended to payment platform from e-commerce to payment. While according to the announcement, there will be some little twists to the idea of forming JumiaPay. Currently, KongaPay is only available to in Nigeria, while the JumiaPay will be available in nothing less than 23 countries in Africa. The other thing that is worth saying is that, not only will users be able to buy stuffs in Jumia alone but will also be able to use JumiaPay to pay for utilities. When is launched, I will definitely talk about it more.
The utilities I am talking about are airtime, electricity, water, buying airtime for calling, paying for your Decoders platform etc.
While I await the launching the payment platform, another independent payment platform, Paga in Nigeria just announced that their user base has reached 5 million users in less than 5 years of operations
Jumia was also in a news recently of taken over African internet Group, in which all the startups under the group of companies was changed to subsidiaries of the giant E-commerce in Nigeria. It was a little after that, AIG gets about 50 Millions Euro funding and everything become so confusing