Jumia Launches JumiaPay Egypt in Partnership with NBE

Fazzaco learned that Jumia, a leading pan-African e-commerce platform active across 11 countries in the continent, has announced the launch of JumiaPay Egypt in partnership with the National Bank of Egypt (NBE).

According to the official press release, JumiaPay Egypt will act as a payment service provider, after obtaining the necessary licenses from the Central Bank of Egypt.

As a digital and fintech payment platform, JumiaPay facilitates online payments and the distribution of a wide range of digital and financial services.

In addition, JumiaPay will offer unique payment processing models that will enable the digital economy through convenient, secure and easy-to-use payment solutions which in turn will help build trust between consumers and other businesses, and thus to improve financial inclusion and digital transformation in Egypt and Africa in general.