Nigeria’s Online Mall, Konga.com, has announced the development of an online payment solution called KongaPay, packaged to foster trust and safety for online shoppers in the country KongaPay is a payment solution that allows users to perform one-click payments on the Konga marketplace. Chief Executive Officer, Sim Shagaya, said: “KongaPay is a partnership with Nigeria’s banks.
We strongly believe that together, we could change the face of online shopping in Nigeria by removing the uncertainties customers associate with pre-paying for goods and services they are yet to receive.”
Speaking about the benefits of the product to online shoppers on Konga.com, Sim Shagaya said, “Payments made with KongaPay are held in escrow until the transaction is satisfactorily completed.
With KongaPay, shoppers on Konga’s marketplace can rest assured knowing that their transactions are fully protected. “They are in full control of their money, and will get instant refunds for cancelled or returned orders with just an easy click.
The use of KongaPay eliminates the need to enter sensitive personal information such as card details or Internet banking passwords”. The product was unveiled at a KongaPay Demo event in Lagos.
Shagaya disclosed that after live demonstrations of the easy and secure use of KongaPay on the center-stage, industry executives gathered around various shopping stations where they too signed up and used KongaPay to for their purchases.
KongaPay is now available on a “limited first-look release basis” with national launch scheduled for Q3 2015. So far, Konga has completed integrations with Access Bank, Diamond Bank, Ecobank, FCMB, First Bank, GTB, Heritage Bank, UBA and Zenith Bank.
It is expected that by its national launch, most Nigerian banks will have completed integration in order to achieve widespread access to KongaPay.