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How JumiaPay is helping Customers to Save Money

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Anniversary

For tech companies playing in the eCommerce space, payment gateways are crucial to development and profitability. Many household names in the ecommerce space commenced operations relying on existing e-payment services in their checkout pages. As their businesses grow, they are conscious that by redirecting customers to the external payment page, they are effectively relinquishing control of their brand’s checkout experience.

There’s also the issue of shopping cart abandonment. This is usually associated with checkout processes constituting a barrier in the way of customers making payment, which in turn makes online stores lose customers and potential sales. To ensure a more streamlined checkout procedure, ecommerce brands result in setting up on-site payment options for customers. America’s Amazon introduced Amazon pay in 2007. Today, the brand has grown to allow customers pay with their Amazon accounts on external merchants’ websites. Also, Alibaba launched Alipay in 2004, five years after it commenced ecommerce business.

These moves are also mirrored in Africa’s ecommerce space. There has been a tradition of general resentment towards the internet payment system on the African continent, despite increasing craze for mobile technology among African youth. Though most African ecommerce platforms have relied heavily on cash-on-delivery model, some are making efforts to move transactions towards the proprietary payment system. To encourage the shift, a market leader like Jumia offers incentives such as cash back when customers use their payment systems, JumiaPay.

Ecommerce companies’ primary aim is to get paid easily for purchases made on their platform, but their on-site payment services provide encryption that keeps customers’ information secured, thus improving customer experience. On-site payment option also provides customers a faster, convenient shopping and check out experience. Conventional banks and external payment platforms often have all sorts of transaction issues which at times take days to resolve and can make customers weary of the process. However, shopping on Jumia platform with JumiaPay makes such issues easier to resolve when they occur.

Beyond the ease, data security, and convenience of shopping and payment options, the payment services of ecommerce platforms offer more to customers. For instance, with JumiaPay, customers can also pay electricity bill, Pay TV subscription, and mobile recharge. The interesting part of paying via the JumiaPay app is the added incentives. A unique offering of the service is that there’s no hidden charges on payments made through the platform; meaning a free payment gateway which affords customers to save more by avoiding extra charges associated with other service providers.

Added to this incentive is the opportunity for customers to enjoy exclusive discounts from Jumia brand partners when they pay via the JumiaPay app. A good example is the recent Jumia Brand Festival where the platform brought together global product manufacturers like Samsung, Nokia, HP, Nexus, XIAOMI and several others for direct sales to customers. The week-long campaign did not only allow customers to save money, but those who made payment transactions on the JumiaPay app got extra discounts on their deals.

From all indications, ecommerce brands are gradually taking up a crucial link in the e-payment space by offering more to customers who embrace the on-site payment option. Therefore, while Nigerian customers take advantage of the ease and comfort of ecommerce services, they can optimize ecommerce for better deals by opting for payment through on-site payment products of their preferred online platforms.

By Adedoyin Giwa

Business

BUA DENIES INCREASE IN THE PRICE OF ITS CEMENT, FROWNS AT CARTEL- LIKE OPERATION TO DETERMINE PRODUCT PRICES

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Cement

The BUA group has denied increase in the price of it’s cement. The clarification came as a result of requests from customers as well as distributors who have been calling to find out whether, like DANGOTE Cement BUA had also increased its own price by 260 Naira.

 

In a signed statement released this afternoon, the BUA group insists that it stands by its earlier decision not to increase cement price which was communicated on April 24, 2021.

 

According to the management of BUA, they are aware that Dangote decided to increase the price of it’s cement by 260 NAIRA from June 14, 2021. The management also noted that even though there had been decline in cement demand due to commencement of rainy season, any further increase in price will disrupt, the normalisation or stabilisation  of prices.

 

 

The BUA group further stated that they will always be willing to play their role as a responsible corporate entity rather than associate with others to form a cartel to fix prices which will ultimately not be in the best interest of Nigerians.

 

 

In their words, ‘ The timing is not right for any increase on BUA’s part and we do not have any justifiable business reason to increase to increase our prices any time soon.

 

 

They also hope that the price increase by Dangote will not disrupt the downward trend of cement price movement

See statement

 

Cement

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Dangote $2 Billion Urea Fertilizer Plant Pushes Out 120 Trucks Everyday..… Excites marketers, farmers in North 

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DANGOTE

After months of speculations, Dangote Urea fertilizer is now finally on sales nationwide and it currently pushes out a minimum of 120 trucks per day across the country

 

Group Executive Director, (Strategy, Capital Projects & Portfolio Development) · Dangote Industries Limited,  Devakumar  Edwin, revealed to the press over the weekend that the Plant which has the capacity to turn out more than 4,500 tonnes of urea per day will conveniently meet the local demand and even produce for exports.

 

According to him: “…We have the capacity to turn out 4,500 tonnes of Urea everyday…this is a bulk application fertilizer…each crop in Nigeria or globally will require Nitrogen and this is a rich fertilizer, having 46 per cent nitrogen…The company has the capacity to meet local demand and also export to African countries… Currently the demand is less than 1 million tonnes and we alone can  produce 3 million tonnes, so we can easily meet local demand and also produce for export to other west African countries.”

 

DANGOTE

 

Aside fertilizer production, the company, according to Edwin is already working to support the farmers with training on application of the fertilizer and even establish laboratories across the country for proper soil examination.\

 

DANGOTE

“The uniqueness of this plant, apart from the fact that we are producing is the focus on farmers’ support, on training, education, development as we are now establishing laboratories across the country and even mobile laboratories where we can go drive around and take soil samples for proper examination to effectively grow the agricultural outputs across the country”

DANGOTE

 

The Urea Fertilizer plant was built to tap into Nigeria’s demand for fertilizer, a critical component of achieving food sufficiency for Africa’s most populous country.

 

 

The Fertilizer plant is expected to manufacture 3 million metric tonnes of urea per annum, with a view to reducing the nation’s fertilizer imports, and generating $400m annual foreign exchange from export to Africa countries.

 

Meanwhile marketers and farmers in Kano have described the newly introduced Dangote Fertilizer as a game changer and a forecast for the expected agricultural revolution in the country.

DANGOTE

 

Marketers and farmers who were apparently excited, over the weekend welcomed the more-than ten trucks that entered Kano markets at the weekend.

 

 

Speaking at the event organized by Dan Hydro Company in Kano to mark the introduction of the fertilizer into the northern market, chairman of the Kano state Agro Dealers Association Alhaji Shuaibu Akarami said agro dealers have confidence in Dangote fertilizer as they have in all his products, adding that as a dealer who spent decades in the business he has discovered that Dangote fertilizer will have no problem penetrating the market in the North.

 

 

“I have checked the product and have found out that it will have no problem penetrating the market. With my experience in agro products, I can authoritatively say the product has met our expectations and that has confirmed the confidence we have in Dangote fertilizer and other sister products of the Dangote Group,” he said.

 

The Dan-Hydro fertilizer Company in Kano which took delivery of the first batch of trucks in Kano said the timing and strategy for the introduction are rife.

 

Head of operations, Dan- Hydro operations Mr. Hamadi Sekou Drammeh said the Dangote fertilizer conforms to all set standard required by the regulatory agencies.

 

He said the phenomenon of perennial shortage of the fertilizer product will be over in the country.

He said as part of its public enlightenment plan, the company was going to work with all stakeholders in the agricultural sectors.

In the same vein, Sales Manager of Dan Hydro Mr. Sulaiman Tanko assured that the product will be sold at a reasonable price that will enable fair competition in the market. 

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Jumia Marks 9th Anniversary with 60% discount, partners Unilever, Xiaomi, Nivea

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Anniversary

Nigeria’s leading e-commerce platform, Jumia, is celebrating nine years of e-commerce journey with a sales campaign aimed at celebrating customers, sellers, and partners on its platform. The campaign will run from June 11th until 27th, 2021.

Jumia’s 9th anniversary which also doubles as the anniversary of e-commerce in Nigeria, since the e-commerce giant paved the way for online shopping, is offering 60% discount in a sales campaign tagged “Celebrating You”, aimed at celebrating new and loyal consumers. The discount will apply to categories such as Electronics, Beauty, Fashion, Phones & Tablets, Groceries, Appliances and many more.

Partners for this campaign include over 11,000 sellers on the Jumia Nigeria platform and international brands such as Unilever, Xiaomi, Nivea, Reckitt Benkisser and Infinix.

Jumia Nigeria CEO, Massimiliano Spalazzi said: “It has simply been an amazing journey. If I went back to how we started and where we are, being the number one e-commerce company in Africa and in Nigeria, it makes us very humble. We believe that e-commerce has played an even more important role in people’s life and to celebrate the achievement and to better serve our consumers and sellers, that is why the slogan for our 9th anniversary is ‘Celebrating You’.”

For the anniversary window, customers will enjoy up to 60% off on a diverse list of brands across categories including Groceries (Unilever, Nestle, Coca-Cola, Carrefour), Sanitary & Hygiene (Reckitt Benckiser, P&G, Henkel, GSK), Beauty (l’Oreal, Maybelline, Garnier, Nivea), Phones (Samsung, Xiaomi, Nokia, Huawei), Electronics (Intel, HP, Philips, Sony), lifestyle (Playstation 4) and many more.

“The anniversary will be celebrating you as our consumer, employee, seller, logistics partner, celebrating you as our client and those in the ecosystem and our environment for which we make life better every day,” Spalazzi added.

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