Jumiapay Joins Forces With Contact Creditech To Expand Financial Offerings In Egypt

Jumia’s digital payments platform JumiaPay and Contact Creditech, the consumer financing arm of Contact Financial Holding have entered a new partnership to launch a new group of financial services for its consumers in Egypt.

This partnership will allow Jumia to provide different payment methods to simplify the buying process and develop a wide range of financial solutions for the customers of both companies.

Managing Director of Contact Creditech, Ahmed Samir Kamel stated,  “At Contact Creditech, we always strive to find financial solutions that are in line with customer needs and, at the same time, give the best customer experience. Through this partnership, we will provide all Jumia customers with financial solutions aimed at enabling customers to complete the purchase process with ease using the latest technological solutions in the field of consumer financing, which will help increase purchasing power”.

Also, Vice President of JumiaPay, Egypt, Abdellatif Olama 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 and 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 if they are current customers of Contact or not, indicating that Jumia always seeks to meet all the needs of its customers through one platform and 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.”

Jumia is a leading e-commerce platform in Africa. Its digital payment and fintech platform, JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.

Egypt-based Contact creditech delivers various financing programs to fund the acquisition of new and used vehicles, and durable goods financing programs, in addition to the home finance and finishing programs through Contact Mortgage and trade finance programs through its sister companies Contact Leasing and Contact Factoring. Contact also provides insurance services through Sarwa Insurance and Sarwa Life Insurance.