Pyvio becomes a Jumia Certified Repayment Finance Provider to help African sellers collect payments locally

Recently, Pyvio has entered into a partnership with African e-commerce giant Jumia, becoming an official Jumia certified payback financial service provider, providing compliance financial services such as local payment collection, exchange and settlement, and global distribution for overseas African sellers, based on quality financial infrastructure and underlying service capabilities, helping overseas enterprises to expand into emerging blue ocean markets and grasp growth opportunities.

01 Africa is the next hot spot for overseas companies

Thanks to the huge demographic dividend, the rising economic environment, the improving infrastructure construction, and the growing smartphone and internet penetration rate, Africa has become a new land in the eyes of many overseas enterprises.

According to Statista data, the African e-commerce market is expected to be around US$37 billion in 2022, up from around US$13 billion in 2017. Statista Digital Market Outlook estimates that African e-commerce revenues will keep growing and the market will reach over US$82 billion by 2027, a compound growth rate greater than any other continent.

02 African e-commerce giants escort to capture the second half of the overseas market

Jumia, the African e-commerce giant, is also the first African technology company to be listed on the New York Stock Exchange. Jumia currently has 8.4 million consumers and over 100,000 active sellers across Africa. jumia has 11 sites in Africa, with nine full sites currently open to Chinese sellers, including Nigeria, Kenya, Senegal, Egypt, Morocco, Ghana, Uganda, Cote d'Ivoire and South Africa.

Jumia is committed to creating the most loved and trusted shopping ecosystem for African users, providing consumers with innovative, discounted products and a convenient online shopping experience through the power of internet technology.

03 One-stop money management expert helps local collections

In the process of going abroad, how to manage funds and "money bags" in a safe, compliant and efficient manner is always a major concern for companies going abroad, and sellers need to find a stable platform, efficient process and safe and compliant collection solution. Currently, Pyvio has opened the Jumia platform collection service, Jumia cross-border sellers can complete the local currency collection, exchange and settlement services through Pyvio in one stop.

Currently Pyvio has opened services in Nigeria, Ghana and Kenya, sellers only need to register/login to their Pyvio account, bind to their Jumia shop and get a local collection account to easily collect local currencies such as Nigerian Naira, Ghanaian Cedi and Kenyan Shillings etc. 100% online operation, real time account opening, daily exchange rate updates and settlement of foreign exchange within T+1 working days at the earliest. This reduces the loss caused by exchange rate fluctuations and greatly improves the timeliness and security of your payment.