JumiaPay Partners with Contact Creditech To Expand Financial Services in Egypt

Jumia, the leading e-commerce platform in Africa, and Contact Creditech, the consumer financing arm of Contact Financial Holding, announced today a collaboration to launch a new group of financial services for consumers in Egypt.

This partnership will enable Jumia to offer different payment methods to simplify the buying process and create a variety of financial solutions for the customers of both companies.

This is why Contact Creditech has worked on several axes to keep pace with recent changes, including strategic partners at all levels in various fields to allow the use of digital credit assessment based on artificial intelligence technology and link multiple systems of success partners to achieve the best customer experience.

Mr. Abdellatif Olama, Vice President of JumiaPay, Egypt, said, “We are proud of our leadership in the Egyptian market, as Jumia and JumiaPay are always striving to provide unprecedented services to their customers, whether existing or new.”

He continued, “Through our strategic partnership with Contact Creditech, we will help our customers to have a new and improved purchase experience, especially since Contact financing services will be available to all Jumia customers, regardless of their status as current customers of Contact or not.”

Olama indicated that Jumia always seeks to meet all the needs of its customers through one platform. He added that it is necessary to continuously develop the services available to ensure a unique experience for customers, which brings us to our agreement today with Connect.”

For his part, Mr. Saeed Zater, CEO of Contact Financial Holding, shared, “I am proud today of this partnership with Jumia and JumiaPay as a partner in success, especially since we share the same goal, which is that the customer always comes first. Through this partnership, the needs of the platform users will be met, whether they deal with the banking system or not.”