New BNPL Solution: Jumia and Easybuy Revolutionize Online Shopping in Nigeria

New BNPL Solution: Jumia and Easybuy Revolutionize Online Shopping in Nigeria

By Staff Writer, 17 May 2024

Jumia, a leading e-commerce platform in Nigeria, is poised to transform the landscape of online shopping with its latest strategic alliance.

Teaming up with Newedge (Easybuy), an innovative finance company, Jumia aims to revolutionize the way consumers shop online.

The cornerstone of this partnership is the introduction of a groundbreaking Buy Now, Pay Later (BNPL) solution.

This novel approach allows shoppers to make purchases and spread the payments over a designated period, eliminating the immediate financial hurdle that often accompanies online transactions.

By facilitating deferred payments, Jumia and Easybuy are committed to enhancing the overall shopping experience for customers.

The benefits of this collaboration are manifold. By incorporating Easybuy's BNPL solution into its platform, Jumia empowers customers with greater financial flexibility and convenience.

This integration streamlines the checkout process, providing a hassle-free experience for shoppers.

With the burden of upfront payments lifted, consumers can now navigate the online marketplace with confidence, securing the products they desire without constraints.

In essence, the partnership between Jumia and Easybuy marks a significant step towards democratizing online shopping in Nigeria.

Source: Joel Omulo / TheFounder Africa

Related Report

Future of Fintech in Africa

The Future of Fintech in Africa

18% of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, living without a bank account or a digital wallet to their Name. The opportunity is massive, which is why fintech is the most dominant and most funded tech sector in Africa, today.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems