Ife Ogunfuwa

Telcoin, a Japan-based technology platform provider has formed a partnership with Jumia, an online e-commerce marketplace brand with presence in 15 African countries, including Nigeria.

As part of the partnership that will commence in Nigeria, a statement issued on the deal said the partnership would tap into the synergies of blockchain technology to increase the volume of goods and services purchased on the e-commerce platform.

“What we will focus on and explore is increasing the sales traffic from Nigerians in the diaspora adding value to cross-border e-commerce transactions as well as value-enhancing e-commerce transactions within Nigeria,” the Head of Africa for Telcoin, Ms Lee-Ann Cassie, said.

“We’re excited, to say the least, about our partnership with Telcoin, because we believe this will have a huge impact on our commitment to improving the lives of Africans through the Internet, helping them to save time and money.

“With this partnership, we can now serve Nigerians in the diaspora who are looking to convert their digital currency to shopping vouchers on our platform. We rely on and trust Telcoin to facilitate the currency conversion since digital currency is, in the interim, not a payment method on Jumia,” the Chief Executive Officer, Jumia Nigeria, Mrs Juliet Anammah, said.

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