Jumia Egypt Partners with Premium Card to Support E-commerce Growth in Egypt
Jumia Technologies AG (NYSE:JMIA) has announced a strategic partnership with Premium Card in Egypt to enhance e-commerce adoption through expanded payment solutions. The collaboration offers Premium Card holders exclusive discounts and flexible installment plans with low interest rates across all product categories on Jumia's platform. Through JumiaPay, customers will have access to diverse payment options and special deals in partnership with major local and international brands.
Jumia Technologies AG (NYSE:JMIA) ha annunciato una partnership strategica con Premium Card in Egitto per promuovere l'adozione dell'e-commerce attraverso soluzioni di pagamento espanse. La collaborazione offre ai possessori di Premium Card sconti esclusivi e piani di rateizzazione flessibili con tassi d'interesse bassi su tutte le categorie di prodotto sulla piattaforma di Jumia. Grazie a JumiaPay, i clienti avranno accesso a diverse opzioni di pagamento e offerte speciali in collaborazione con importanti marchi locali e internazionali.
Jumia Technologies AG (NYSE:JMIA) ha anunciado una asociación estratégica con Premium Card en Egipto para mejorar la adopción del comercio electrónico a través de soluciones de pago ampliadas. La colaboración ofrece a los titulares de Premium Card descuentos exclusivos y planes de cuotas flexibles con bajos tipos de interés en todas las categorías de productos de la plataforma Jumia. A través de JumiaPay, los clientes tendrán acceso a diversas opciones de pago y ofertas especiales en asociación con importantes marcas locales e internacionales.
Jumia Technologies AG (NYSE:JMIA)는 이집트에서 Premium Card와 전략적 파트너십을 체결하여 결제 솔루션을 확장함으로써 전자 상거래 채택을 증진한다고 발표했습니다. 이 협력은 Premium Card 소지자들에게 Jumia 플랫폼의 모든 제품 카테고리에 대해 독점 할인 및 낮은 이자율의 유연한 할부 계획을 제공합니다. JumiaPay를 통해 고객은 다양한 결제 옵션과 주요 국내외 브랜드와의 협력을 통해 특별한 거래에 접근할 수 있습니다.
Jumia Technologies AG (NYSE:JMIA) a annoncé un partenariat stratégique avec Premium Card en Égypte pour renforcer l'adoption de l'e-commerce grâce à des solutions de paiement étendues. Cette collaboration offre aux titulaires de Premium Card des réductions exclusives et des plans de paiement flexibles avec de faibles taux d'intérêt sur toutes les catégories de produits sur la plateforme de Jumia. Grâce à JumiaPay, les clients auront accès à diverses options de paiement et à des offres spéciales en partenariat avec des grandes marques locales et internationales.
Jumia Technologies AG (NYSE:JMIA) hat eine strategische Partnerschaft mit Premium Card in Ägypten angekündigt, um die Akzeptanz des E-Commerce durch erweiterte Zahlungslösungen zu fördern. Die Zusammenarbeit bietet Premium Card-Inhabern exklusive Rabatte und flexible Ratenzahlungspläne mit niedrigen Zinssätzen in allen Produktkategorien auf der Plattform von Jumia. Über JumiaPay haben die Kunden Zugang zu verschiedenen Zahlungsmöglichkeiten und besonderen Angeboten in Zusammenarbeit mit großen lokalen und internationalen Marken.
- Strategic partnership expanding payment solutions in Egyptian market
- Introduction of flexible installment plans with low interest rates
- Exclusive discounts for Premium Card holders
- None.
Insights
This partnership with Premium Card represents a strategic move to boost Jumia's market penetration in Egypt, one of Africa's largest consumer markets. By introducing flexible payment options and installment plans, Jumia addresses a key barrier to e-commerce adoption in emerging markets - payment accessibility. The integration with Premium Card's payment solutions through JumiaPay could potentially increase average order values and conversion rates.
However, while positive for market expansion, the financial impact may be gradual. Egypt's e-commerce market faces challenges including low digital payment adoption and logistical hurdles. The success will largely depend on Premium Card's market reach and the attractiveness of the installment terms to consumers. Given Jumia's current
Collaboration Offers Customers Diverse Payment Solutions and Flexible Installment Plans Through JumiaPay
CAIRO, EGYPT / ACCESSWIRE / November 18, 2024 / Jumia Technologies AG (NYSE:JMIA), a leading e-commerce platform in Egypt, today announced a strategic partnership with Premium International for Financial Services, "Premium Card", a company specializing in diverse payment solutions to enhance the online shopping experience and provide exceptional benefits to customers.
"We are excited to announce this strategic partnership with Premium Card, which represents a significant opportunity to expand our service offerings. The partnership will provide exclusive discounts and flexible installment packages, making the online shopping experience easier and more convenient, helping to expand e-commerce adoption in Egypt. We believe that this cooperation will enhance our position in the market and make online shopping an unforgettable experience for everyone," said Francis Dufay, CEO of Jumia
This partnership allows Premium Card holders to enjoy exclusive offers and significant discounts on a wide range of products available on Jumia and introduces flexible installment plans with low interest rates providing customers with greater flexibility in choosing their preferred payment method for purchases across all categories. Customers can also take advantage of exclusive deals offered by Jumia in collaboration with major local and international brands.
About Jumia
Jumia is a leading pan-African e-commerce platform, with operations across 11 African countries. Its mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient and affordable online services to customers, while helping businesses grow as they use Jumia's platform to better reach and serve customers.
The Jumia platform consists of a marketplace, which connects more than 64,000 sellers with customers, a vast logistics network, which enables the shipment and delivery of packages, and a proprietary payment service, JumiaPay, which facilitates transactions among participants active on the Jumia platform in select markets. For more information, visit the Company's website at https://group.jumia.com/.
Contact
Sloane & Company
jumia@sloanepr.com
SOURCE: Jumia Technologies AG
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FAQ
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