JumiaPay Egypt, Contact CrediTech, expand your partnership to improve your online shopping experience

Jumia, Egypt’s leading e-commerce platform, announced on Wednesday the expansion of its strategic partnership with Contact CrediTech, the digital consumer finance arm of Contact Financial Holding. The collaboration aims to provide enhanced financial services and solutions to customers of both companies.

This expanded partnership builds on the successful collaboration launched in January 2023, which focused on diversifying payment methods for Jumia customers and making the online shopping process easier.

As part of Jumia’s 12th anniversary celebration in Egypt, customers will be able to finance their purchases through Kontakt from May 27 to June 9 without incurring administrative fees, interest or advance payments for up to six months.

Abdellatif Olama, CEO of Jumia Egypt, expressed his enthusiasm for the continued collaboration: “This step is part of JumiaPay and Contact’s commitment to provide consumers with the best online shopping experience in the market, strengthening the collaboration between both companies as strategic partners working together to achieve common goals and better meet customer needs.”

Omar El Fiky, CEO of Contact CrediTech, echoed this sentiment, stating that the partnership aims to offer “no-cost, interest-free and down payment options” for the benefit of their mutual customers.

Contact Financial Holding CEO Said Zater emphasized the strategic importance of the partnership: “At Contact, we greatly value the close collaboration and strategic partnership we have with Jumia. This partnership is not just a business arrangement; represents a shared vision of improving the online shopping experience for our customers.”

The partnership is in line with Contact’s focus on digital transformation and the Egyptian government’s 2030 vision to expand digital services in the market.

Both Jumia and Contact CrediTech expressed optimism about the future of this partnership, which aims to achieve further success in providing unique shopping experiences that meet the evolving needs and aspirations of Egyptian consumers.