Lagos, (Nigeria): November 29, 2024 – Jumia, Nigeria’s leading e-commerce platform, wraps up its 2024 Black Friday campaign tomorrow, celebrating remarkable success. Spanning from November 1 to November 30, the month-long event featured discounts of up to 50% across categories such as mobile phones, electronics, home and living, fashion, and beauty, drawing millions of shoppers nationwide.This year’s campaign highlighted the positive impact of Jumia’s ongoing efforts to expand e-commerce accessibility across Nigeria. Hinterlands like Enugu, Calabar are growing by over three times year-on-year, with over half of Black Friday orders originating from secondary cities and rural areas. These trends underscore the growing trust in online shopping among rural communities and Jumia’s commitment to bridging the retail gap.Jumia’s logistics network, supported by over 200 pick-up stations nationwide, played a key role in enabling access to affordable goods for customers outside urban centers. During the campaign, the share of orders to pick-up stations grew by nearly two-third, showing the increasing need for additional pick-up points. This further reflects the company’s rapid growth and influence in secondary cities and rural areas.“We’re delighted with the results of this year’s Black Friday campaign. The surge in orders from upcountry regions demonstrates how e-commerce is transforming communities by making affordable and quality goods accessible to all. This growth reaffirms our commitment to expanding our logistics network and opening more pick-up stations to serve our growing customer base,” said Sunil Natraj, CEO of Jumia Nigeria.Since pioneering Black Friday in Nigeria in 2014, Jumia has transformed the way Africans shop online. As it marks 10 years of Black Friday, Jumia continues to enhance its offerings, including streamlined logistics, diverse payment methods, and improved supply from international sellers. These innovations have solidified Jumia’s role as a leader in Nigeria’s retail ecosystem, making online shopping more convenient, accessible, and reliable than ever before.Jumia’s 2024 Black Friday campaign reflects not just a successful sales event but a testament to the transformative power of e-commerce in reshaping access to quality products across Nigeria.

Interswitch Group, a leading integrated payments and digital commerce company in Africa, has been unveiled as key Sponsor of the Committee of e-Business Industry Heads (CeBIH) 2024 Conference. Scheduled for December 4th to 5th 2024, at the Eko Convention Centre, Victoria Island, Lagos, the conference will explore the theme “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” CeBIH is made up of top-tier electronic business practitioners from all banks in Nigeria, with the primary objective of promoting electronic banking services that align with global best practices. The CeBIH 2024 Conference will play a pivotal role in advancing the goals of Payment System Vision (PSV) 2030 by evaluating progress, highlighting key milestones, and addressing challenges within the payment ecosystem. The PSV 2030 is a strategic framework developed by the Central Bank of Nigeria (CBN) to guide the evolution of the country’s payment systems over the next decade. Building on the success of previous initiatives like the Payment System Vision 2020, PSV 2030 aims to further advance financial inclusion, drive innovation in the payments sector, and support the broader digital economy in Nigeria. In anticipation of a keynote address titled ‘The Impact of Globalization and the Gig Economy on Inclusive Payment Systems in Nigeria’ to be delivered by Mitchell Elegbe, Founder and Group Managing Director, Interswitch, he remarked, “We are proud to support CeBIH and the 2024 CeBIH annual conference as it aligns perfectly with our vision of building seamless, secure, and future-ready payment systems for Africa. This partnership highlights Interswitch’s commitment to drive innovation and advance the payments ecosystem. Together, we aim to address the evolving challenges in digital payments and contribute to the development of a robust, inclusive, and sustainable digital economy across Africa.” The CeBIH 2024 conference will explore the role of technology and innovation in driving digital financial inclusion while fostering dialogue and collaboration between financial institutions, fintech companies, and regulators. The conference will also generate policy recommendations aimed at creating a supportive environment for the growth and sustainability of Nigeria’s payment ecosystem. Furthermore, this year’s event will bring together thought leaders, industry experts, and policymakers to explore strategies that will shape the future of payments in Nigeria and beyond. It will also feature engaging keynote speeches, panel discussions, and interactive sessions designed to drive meaningful outcomes. Interswitch’s sponsorship of the 2024 CeBIH annual conference underlines its ongoing commitment to drive innovation and shape the future of payments in Nigeria. By supporting this impactful event, Interswitch continues to play a key role in advancing digital financial inclusion, promoting collaboration among key stakeholders and fostering the development of a robust and sustainable payment ecosystem. As Nigeria moves towards achieving the objectives of PSV 2030, Interswitch continues to play a key role in the financial ecosystem, working alongside industry leaders to ensure that Africa’s payment systems evolve to meet the dynamic needs of its people. Interswitch will continue to lead the way in driving a seamless, secure, and inclusive digital economy for Nigeria and beyond.

Lagos, Nigeria, 23 November 2024 – Verve International, Africa’s leading domestic payments card scheme and token brand, has announced that its cards are now accepted on AliExpress, one of the world’s largest online retail platforms. This landmark partnership expands Verve’s global reach, offering seamless and secure payment solutions and providing millions of Verve cardholders and merchants worldwide with easy access to AliExpress’ extensive range of products, including fashion, electronics, home goods, beauty, and more. The collaboration empowers Verve cardholders, both locally and internationally, to engage in cross-border transactions. It also reinforces Verve’s unwavering commitment to delivering inclusive, innovative, and secure digital payment solutions that empower individuals and businesses alike, while bridging the gap in global digital commerce.Speaking on the partnership, Vincent Ogbunude, Managing Director, Verve International, remarked: “We are excited to announce that Verve is now accepted on AliExpress, a globally recognised e-commerce leader. This marks a significant milestone in our global expansion journey, reflecting our commitment to providing cardholders with access to more possibilities in today’s digital economy. The addition of AliExpress to our growing network is just the beginning, there’s much more to come as we continue to innovate, expand, and deliver value to millions of Verve cardholders in Nigeria and beyond.” Verve’s expanding global network is bolstered by partnerships with renowned brands such as Google, YouTube, Netflix, Amazon Prime, Facebook, Uber, Spotify, among others, enabling cardholders to conveniently pay for subscriptions in Naira. These alliances solidify Verve’s position as a trusted leader in the digital payments space, ensuring that consumers can access top-notch services across diverse industries. With AliExpress joining this network and Verve integrated into its payment options, Verve cardholders can easily shop and pay for a wide range of products. To shop on AliExpress using a Verve card, simply sign in, select the items to buy, and click ‘Buy now.’ When prompted, add a new card and enter the Verve card details. Save the information for future use, confirm the details, and complete the payment seamlessly. In addition to expanding its global partnerships, Verve continues to reward its cardholders through the ongoing Verve GoodLife Promo 5.0, which launched on August 15, 2024. The promo offers up to 10 per cent discount or cashback on every purchase made at participating outlets, including Google, NNPC Retail, Addide, The Place Restaurants, Sweet Sensation, Chowdeck, BuyPower, Market Square, and more. This initiative gives cardholders the opportunity to enjoy savings and exclusive benefits, reflecting Verve’s dedication to enriching their lives and reinforcing loyalty This partnership with AliExpress highlights Verve’s commitment to redefining digital payments and enhancing the consumer experience. This collaboration empowers cardholders to seize cross-border opportunities, fostering greater financial inclusion and supporting economic growth. With additional global partnerships on the horizon, Verve is poised for further innovation, bringing new developments that will enhance the value it offers to its cardholders. The company remains committed to delivering seamless, secure solutions that enable individuals and businesses to connect with leading global brands, reinforcing its position as a leader in the digital payments space.