KongaPay’s huge potential One of Konga ’s biggest assets is KongaPay, it’s mobile money platform. This merger will see the product ride on Yudala’s shoulders nationwide, providing it the. The latest Tweets from KongaPay (@KongaPay). Premium Payment Service Platform for Businesses and Individuals. We Exist to Make Our Users’ Payment Journey Smart, Smooth, Easy, Convenient, and Secure.

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The three males in charge of switching Konga's i9000 fortunes close to. From left, Nick Imudia, Olusuji ljogunPrince Nnamdi Ekeh, Thé two Top dog's Nick Imudia trembling Prince Ekeh.

Nick will run Konga online whiIe Prince will run Konga offline. Konga will have got two brand-new CEO's “Effective from May 1scapital t, Yudala will right now run under the name KONGA, with double CEOs in the people of Chip Imudia who will be in cost of online amóng others and Princé Nnamdi Ekeh whó will become accountable for offline. This merger will further strengthen our position in the Nigerian retail market as we creatively position Konga as the first rewarding e-commerce business in Cameras.” Konga The team Konga Team.

Onome Ohwovoriole has a degree in Economics and Statistics from the School of Benin ánd prior to signing up for Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Enjoyment and Command Training. He covers companies in the Nigerian corporate and business space, especially those listed on the Nigerian Stock Trade (NSE). He furthermore provides a keen interest in brand-new frontiers like Cryptocurréncies and Fintech.

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Leo Stan Ekéh-led ZInox Team are the brand-new owners of Konga.com as confirmed by the group's Head of Corporate Marketing communications, Zinox Team, Gideon Ayogu. While the precise numbers of the acquisition are yet to end up being made open public, ThisDay documented that Zinox today holds the e-commerce system,; KOS-Express, the world course logistics limb of the company and KongaPay, the organization's integrated mobile money payment sales channel with over 100,000 clients. Zinox experienced for lengthy expressed interest in ecommerce in Cameras. It had been one of the initial to release ecommerce systems with BuyRightAfrica.com back after that when digital payment choices were not available. In addition, the son of the group's chairman is the creator of Yudala which offers online and offline ecommerce options thus suggesting that a possible Konga-Yudala merger may be in the works to wade off competition and make it one of greatest e-Commerce companies in Africa. “We have always experienced an attention in Konga and another large one particular you know very nicely but our priority was Konga initial because of her included character of four quality companies in one. Konga is definitely a world-cIass, professionally-run business whose landmark strides in the industry has gone a long way in ushering hundreds of thousands of Nigerians into the ease and comfort of on-line shopping and enhancing the conduct of e-commérce in the country,” Ayogu stated.

Zinox't program The organization revealed that with the acquisition, it is usually seeking to “up the tempo” by revolutionising é-commerce on thé African-american continent, with Konga át the fore-frónt of this initiative. In add-on to positioning the company on a path of success in the brief phrase, Zinox added that its long term programs are focused around seeing Konga properly founded in other African capitals. “Furthermore, we will become unveiling a great deal of fresh initiatives quickly and we recommend shoppers and retailers alike to appear out for these improvements which will significantly reshape the typical customer encounter of e-commérce in Nigeria ánd on the country,” Ayogu included.

Two a few months after it has been acquired by Zinox Technologies, Konga, a main e-commerce player in Nigeria, is taking another action in its advancement. The six-year older business will blend with Yudala, thé e-commerce organization associated with Zinox Technology. Both companies will function using Konga'h brand identity from May 1. Even though Zinox in the beginning mentioned it would not think about a combination at the period it acquired Konga, the company now says it will benefit even more from combining the strengths of both businesses instead than having them operate as competition.

While Konga will retain its design as an on the web market place which enables merchants list items for purchase, it will come back to operating warehouses after, based to Zinox spokésman Gideon Ayogu. Thé merger signifies an eventful previous few a few months for Konga. Last Nov, the organization cut citing the want to run leaner procedures before it had been obtained two weeks later on by Zinox. Former key shareholders Kinnevik and Naspers, who got provided much of the $78.5 million Konga experienced raised since creation, were but most likely at a reduction. Konga CEO Shola Adekoya also soon after the pay for. Best of both sides?

Yudala Kongapay Login

In blending, Konga and Yudala will fairly much become having out an experiment to combine on the internet and offline procedures on a larger range than ever before in Nigéria. Since, Yudala has maintained offline retail outlets -21 shops across 10 Nigerian towns -while Konga has garnered a reputation for its strong online presence and technological backbone. Its online market outlined over 10,000 retailers at the time of Zinox'h exchange and it has sent in-house options, a mobile payment option, in reaction to Nigeria's online transaction difficulties.

Those possessions will now be combined with Yudala'h offline functions in Nigeria. In inclusion to mainly selling mobile and digital devices, the physical shops will furthermore serve as transaction and choose up areas for items purchased online, Ayogu says. Walk-in clients will furthermore be capable to create orders in stores for products only available online. Zinox programs to increase the store count to 50 before the finish of the calendar year. Despite the increase of e-commérce since the turn of the 10 years in Nigeria, top companies have faced significant struggles, like the lack of a reliable online payment infrastructure in the early-days. Bad road network infrastructure and an inconsistent addressing system have challenging the logistics of delivery.

Crucially, the profits, mainly with respect to customer acquisition, had been not really at par with cash that got been invested: in 2016, Konga's active customer base -less than 1% of Nigeria's human population. The sluggish speed of customer base development energy sources the theory that offline shops preserve a major pull especially in a market where the tradition of seeing and coming in contact with products before purchasing them remains prevalent. Indeed, “Black Friday” product sales which today appear to be.

“Functioning around ethnic technicalities,” is required to earn the ecommerce competition, Ayogu says. “We recognize a lot of consumers are still largely traditional in their method to e-commerce.”.