Home Technology Jumia announces plans to launch mobile money wallet

Jumia announces plans to launch mobile money wallet

by Brian Yatich

By Brian Yatich

Pan African e­-commerce store, Jumia  on Tuesday announced plans to launch a third party online payment solution dubbed “JumiaPay,” that aims at providing a safer, faster and more convenient online payment service.

The online payment solution,  is  set to facilitate online payments across 23 African countries where it operates. Between 70 per cent to 90 percent of payments on Jumia’s platforms is cash on delivery, this service 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.

“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 under banked populations,” said Jeremy Hodara, Co­-CEO Jumia.

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 September on Jumia’s two biggest platforms 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 countries in Africa, including 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.

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