Nigeria’s major ecommerce platform Konga.com today officially announced it has developed a novel online payment solution called KongaPay which it said will foster trust and safety for online shoppers in Nigeria.
In a statement, Konga described KongaPay as a payment solution that allows users to perform one-click payments on the Konga marketplace. Every time a customer triggers a transaction, the bank sends a secure authorization code to the customer’s registered mobile number.
“Anyone with a bank account and a registered mobile phone number can use KongaPay. There is no need to sign up for internet banking,” Konga.com stated.
KongaPay is now available on a “limited first-look release basis” with national launch scheduled for third quarter of the year.
The ecommerce giant said it 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,” Konga said.
Speaking on the development, Konga.com CEO, Sim Shagaya said: “KongaPay is a partnership with Nigerian 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.”
According to him, 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,” Shagaya said.
The company said to register for KongaPay while shopping on Konga, all the shopper has to do is select his or her bank, enter a name, account number and date of birth and then finish registration by using the code sent via SMS to the individual’s registered mobile number.
“Every time the user wants to shop, all the user has to do is enter the secure authorization code sent by the bank to complete transactions,” Konga stated.