Konga Rolls Out Its Payment Platform; Konga Pay

Nigeria’s second most visited Ecommerce platform by rankings has now launched its own payment portal it calls Konga Pay. Konga Pay is designed to make payment faster for returning customers who now have to enter a onetime code sent to them from their banks to carry out transactions on the site. First you need to have an account with one of the major banks with which Konga currently partners and follow the set up steps required. Once you have completed the five processes, you can easily select Konga Pay as your payment option in the check out section of the site.

This would make Konga the first Ecommerce platform to have its own payment platform. Konga is now the third most visited site in Nigeria after Jumia and Nairaland respectively.

It’s now becoming a trend to see companies with high user traffic develop payment platforms to share in the payment gateway revenue. Apple, Samsung and Google have all developed or rolled out their payment platforms with Facebook expected to announce its own soon.

Last year Konga had raised about $40m/8b Naira/ 4b KES to expand and upgrade its infrastructure. This comes amid reports that Nigeria’s ecommerce sub-sector is to be worth $13b by 2018.