Jumia announces plans to launch mobile money wallet

By Brian Yatich

Pan African e­-commerce store, Jumia has on Tuesday announced the launch of a third party online payment solution dubbed “JumiaPay,” aimed at providing a safer, faster and more convenient online payment service.

The online payment solution, JumiaPay is a first for e­-commerce Jumia 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.

Jeremy Hodara, Co­-CEO of Jumia, said that the new payment platform for the online customer goes even further in providing a safe, a secure and a convenient shopping experience to their 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”.  He said

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 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. ​