Buy now, pay later courtesy of Jumia and First Bank

Published:

January 22, 2015

Subject(s): eCommerce

Psst… you’re reading Techpoint Digest

Every day, we handpick the biggest stories, skip the noise, and bring you a fun digest you can trust.

Jumia Nigeria and First Bank Limited have partnered up for the FirstBank Naira Credit Card which will allow people purchase products and make payments in installments, over time.

You don’t have to go to FirstBank to avail yourself of this service, Thank God!, but you can apply directly on the Jumia website while you place your order. Your application will be processed and confirmed within 72 hours.

Yes, you can buy that pair of shoes you like and worry about the payments much later! I wouldn’t mind if Konga found a way to achieve this as well, would you?

Read next

Jumia’s 2024 revenue declines to $167m despite uptick in orders outside urban centres

Jumia continued its cost-cutting efforts in 2024, reporting a 10% decline in both revenue and operating loss despite recording an uptick in orders outside urban areas.

Follow the story

Ad spend on African shopping apps soars by 80% amid growing eCommerce competition

Ad spend on shopping apps in Africa rose 80% in 2024, driven by smartphone adoption and shifting habits. While competition intensifies, challenges like user retention and revenue growth persist.

Follow the story

What I ordered vs what I got: How this Nigerian startup is creating a scam-proof digital marketplace with blockchain technology

Aje, a Nigerian social commerce platform wants to solve the “what I ordered vs what I got” problem with blockchain, but how will smart contracts make sure the right physical product gets to the buyer?

Follow the story

Chinese eCommerce company Temu becomes the most popular Android and iPhone app in Nigeria

With a $2bn marketing budget, Temu displaces OPay and WhatsApp as the most downloaded app in Nigeria in the past few weeks.

Follow the story

Jumia reports revenue drop in Q3 2024 amid currency pressures but sees growth in customer engagement

Jumia’s Q3 2024 revenue fell 14%, hit by currency depreciation in key markets. However, a rise in orders and JumiaPay growth reflects strong customer engagement. The company’s cost-cutting and resource focus aim to drive profitability.

Follow the story