Jumia introduce instalment payment initiative

Jumia, an e-commerce platform in Africa, has introduced instalmental payment initiative for consumers across Nigeria to buy their desired products and make flexible payments over a set period.

This initiative comes with Jumia’s partnership with Newedge (Easybuy), an innovative finance company.

In a statement, Jumia said customers shopping on Jumia can now benefit from Easybuy’s seamless buy-now, pay-later service, allowing them to purchase a wide array of products, from electronics to home essentials with flexible payment options.

“By integrating Easybuy’s BNPL solution, Jumia removes the barrier of immediate payment, empowering consumers to confidently purchase the items they want.”

“This financial freedom, coupled with a streamlined checkout process that incorporates BNPL options, creates a smoother and more accessible shopping experience for everyone,” it said.

Sunil Natraj, CEO, Jumia Nigeria emphaised that partnering with Easybuy for a Buy Now, Pay Later solution is a win-win.

“We know flexible payments matter, especially now. This partnership shows our commitment to empowering consumers with convenient shopping tools. EasyBuy’s BNPL solution will boost e-commerce growth in Nigeria,” said Natraj.

This initiative represents a significant milestone in our commitment to financial inclusion and digital innovation, said Jessica Ugwuoke, CEO, Newedge Finance Limited.