PalmPay, Africa’s own mobile wallet joins Jumia to topple Paypal and Amazon on the continent
Africa is taking on Paypal with the continent’s own PalmPay, a new Financial Technology and money transaction portal operating from Lagos, in Nigeria, with intent to take over the continent’s medium in buy and sell activities.
PalmPay mobile wallet, which is Africa’s version of PayPal, is rapidly working to become a leading Africa-focused Fintech and to achieve that, it is joining forces with leading online retailers in Africa.
Recently, the Fintech outfit partnered with Jumia, Africa’s e-commerce giant, which also works to become the continent’s own Amazon to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
This partnership, according to their joint statement, underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and Africa.
They will be working towards promoting a cashless economy.
With PalmPay now available as a payment method, shoppers on Jumia will be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.
“We are proud to partner with Jumia as we bring together the best of Fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay.
“This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”
Speaking of the partnership, the Jumia Chief Executive in Nigeria, Sunil Natraj, his firm is dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.
“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.