African e-commerce platform, Jumia and payment fintech, CredPal, have entered into a strategic agreement to provide customers in Nigeria with an enhanced “Buy Now, Pay Later” service.

A statement made available to The PUNCH on Tuesday stated that the scheme would enable customers of Jumia to buy things on the marketplace and spread out their payments over a predetermined amount of time.

It added that the collaboration would promote cashless transactions throughout the Jumia network and enable customers to make desired purchases without worrying about their immediate completion.

“We are excited to partner with CredPal to offer our consumers a seamless and convenient “Buy Now, Pay Later” solution. This partnership aligns perfectly with our mission to make e-commerce more accessible and inclusive for all consumers.

“We remain committed to providing Nigerians with a wider range of payment options and fostering financial inclusion within the e-commerce space. The ‘Buy Now, Pay Later’ option will give our consumers more control over their finances and allow them to purchase the products they want at the exact time they need them,” it noted.

The statement noted that Jumia’s collaborations with CredPal and Easybuy were essential to advancing the digital economy in the country.

“As the e-commerce sector in Nigeria evolves, the introduction of multiple BNPL solutions underscores the importance of flexible payment methods in promoting financial inclusion and driving economic growth. Jumia’s partnerships with Easybuy and CredPal are pivotal in achieving these goals and supporting the digital economy,” it added.

LEAVE A REPLY

Please enter your comment!
Please enter your name here