Jumia partners with Equity Bank for Digital Payments

The Bank aims to grow its digital payments by leveraging on Jumia’s Black Friday and
catalyzing EazzyPay uptake via the EazzyApp as the retailer grows its transactions.
Nairobi, Kenya; 16th November, 2016
– Kenya’s
leading financial services provider, Equity Bank, has entered into a
long term deal with  e-commerce retailer, Jumia, to offer their
customers a seamless online payment option known as EazzyPay.
Equity Bank CEO James Mwangi shares a light moment with Jumia Kenya MD, Sam Chappatte (Left) and Juan Seco- Finance Manager (Right)

Customers
purchasing on the Jumia online platform will be able to pay directly
from their Equity Bank account through EazzyPay, which
is integrated on the Jumia site. Furthermore, Equity Bank is offering
them instant EazzyLoans should they not have ready cash to purchase
items. The loans are accessible through EazzyApp which can be downloaded
for free from Google Playstore or Apple’s App
Store.

Sam
Chappatte, MD Jumia said, “We are excited to partner with the leading
bank in Kenya to provide our customers
with a seamless online payment option. We are confident they will find
the EazzyPay mode secure and convenient as well. This is a major
milestone for e-commerce and banking in Kenya
On
his part Equity Bank’s CEO, Dr. James Mwangi, noted that the Bank is
keen on supporting its customers who shop on the platform to make
payments
easily. “Equity Bank is always exploring ways to fulfil the aspirations
of its millions of customers. Our partnership with e-commerce platforms
like Jumia would give an impetus to e-commerce and bring lots of value
to our retail and SME customers,” he added. 
Jumia
hopes to tap more into the Equity Bank clientele base through the
partnership enhancing their consumer journey through a reliable and more
convenient platform as it becomes one of the first developers to adopt
the EazzyAPIs. The move will also in turn boost e-commerce uptake in the
country which is growing by double digits.
Through EazzyAPI, the bank
is open for similar partnerships with other e-commerce players.  To enhance customer security,
Equity Bank has obtained the prestigious Global Payment Card Industry Data Security Standard 3.1 (PCI DSS 3.1),
becoming the first Kenyan bank to do so. In addition, the Bank has
recently partnered
with a Global Security Operation Centre (GSOC) in line with the Bank’s
strategic vision of providing secure Banking services to its customers.
Ends…
About Equity Bank
Equity
Bank Kenya Limited is a financial service provider with extensive
footprint throughout the whole country. Equity Bank Kenya Limited’s
parent company, Equity Group Holdings
Limited, has
banking subsidiaries in Kenya, Rwanda, Uganda, South Sudan, Tanzania
and DRC with additional non-banking subsidiaries engaged in provision of
investment banking, custodial, insurance
agency, philanthropy, consulting, and infrastructure services.
Equity Bank Kenya Limited’s parent company,

Equity Group Holdings Limited, has a customer base  of nearly 11million in the six East and Central African countries
that it serves, making it the largest commercial bank on the African continent,
by customer numbers. Equity Group is the largest bank in market capitalization in East and Central Africa.

The vision
of Equity Bank is “to be the champion of social economic prosperity of
the people of Africa” while its purpose is to transform the lives and
livelihoods of the people socially and economically
by availing them modern, inclusive financial services that maximize
their opportunities.
 

About Jumia
“Jumia
is Africa’s leading online shopping destination. Customers across the
continent can shop amongst the widest assortment of high quality
products at affordable prices – offering everything from fashion,
consumer electronics, home appliances to beauty products. Jumia was the
first African company to win an award at the World Retail Awards in 2013
in Paris as the “Best New Retail Launch” of the
year. Jumia started in 2012 and operates in 15 countries.”
Website:
www.jumia.co.ke
For more information, please contact:
Alex Muhia
Equity Bank Group
Tel : 0763 618871 Office:  0763 026007
Robinson Murage
Jumia Kenya
Tel: +254 705414775

 

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