Jumia partners with First Bank to launch hire-purchase services

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Jumia-Nigerias-No-1-Online-Retailer-620x330Shoppers in Nigeria will now be able to buy goods then pay for them later after JUMIA signed a deal with First Bank of Nigeria to enable customers to simply buy their products of choice and pay in installments.

Shoppers will use the new First Bank Naira Credit Card to make their purchases online. If you don’t have the card, you can sign up for one online on the Jumia website.

“This unique partnership takes the customer experience to another level like we have never seen before in e-commerce. The customer, apart from having a wide assortment of products and excellent services available to him, he is also empowered to purchase them” Abiodun Ajadi, e-business group, First Bank of Nigeria.

The Buy Now Pay Later has up to 45 interest-free days with delivery within 10-12 days.

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Sam Wakoba
Based in Nairobi, Kenya, Sam is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba