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As eCommerce is gaining more acceptance in Africa,more organisations are beginning to explore several ways to tackle one of the biggest challenges of eCommerce in the region which is online payment.Am excited as more progresses are made in this regard in Nigeria. Konga,a leading eCommerce portal in Nigeria is trying their hands on their own payment solution for their online users.I think its a commendable effort,in their press release today to us,it states:

Konga – has just announced the successful development of a novel online payment solution called KongaPay, which is set to foster trust and safety for online shoppers in Nigeria.

KongaPay is 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.

This product was unveiled at a KongaPay Demo event, held on the 9th of June 2015 at Nike Art Gallery in Lagos. 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.

According to Konga.com CEO, Sim Shagaya, “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”.

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.

I think this is a good step in the right direction.Congratulations team Konga!

 

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

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