JumiaPay partners National Bank of Egypt to offer financial services

EGYPT – Jumia, a Pan-African eCommerce platform, has partnered with the biggest state-owned bank in Egypt, the National Bank of Egypt (NBE), to offer some financial services via its payment channel and business line, JumiaPay. This partnership comes after the NBE obtained an approval-in-principle from The Central Bank of Egypt (CBE) to engage JumiaPay in processing off-the-platform payments for third-party merchants on the Jumia eCommerce marketplace in Egypt. As a result of the partnership, some services are now licenced on the JumiaPay business line for Egyptians, and they are, Payment…

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