Konga Mulls Own Payment App “kongapay”‎

Konga, Nigeria’s largest online mall has created its own secure payment app launching as KongaPay.

The payment app, Nigeria CommunicationsWeek gathered, will allow customers bypass debit cards when they make purchases on their site.

KongaPay is the result of a partnership with some banks in Nigeria, which will make it possible for their customers to link their Konga accounts directly to their bank accounts.

Also, KongaPay will work regardless of whether or not the customers have internet banking enabled on their accounts or not.

The launching of KongaPay will change online payment in Nigeria entirely such that customers do not need a payment cards or an internet banking portal.

All that is required is a onetime integration, linked bank account and a one-time password.

KongaPay also has an escrow-like feature which allows them offer a guarantee to refund the total purchase sum for any unsatisfactory products.

Because the transfers will be happening between Konga’s bank account and the buyer’s bank account in the same bank, these reversals can be effected near-instantaneously.

Apparently, KongaPay resembles Alipay, a subsidiary of Alibaba.com, which Konga’s founder studiously follows in order to see if he can replicate the Chinese ecommerce giant’s success.

Alipay is said to control almost half of China’s online payment market.

KongaPay is not just a game changer in terms of how Konga is positioned to serve its customers.

Seamless bank-enabled payments could give Konga a significant boost in its running battle for Nigerian ecommerce domination

KongaPay will likely launch in May 2015.‎