KONGA.COM IS ON THE VERGE OF RELEASING A PROPRIETARY PAYMENT METHOD CALLED KONGAPAY
Online payments in Nigeria has been begging to be disrupted since Nigeria first went online, and it looks like Konga.com might be the one doing the disrupting, albeit quietly. The two-year old online marketplace has created it’s own secure payment method that will allow its customers bypass debit cards when they make purchases on the site. KongaPay is the result of a partnership with leading banks in Nigeria, which will make it possible for their customers to link their Konga accounts directly to their bank accounts. What is more, the integration is so tight that KongaPay will work regardless of whether or not said customers have internet banking enabled on their accounts or not. It is not clear how long this has been in the offing, but this move to disintermediate card payments, with the help of banks has clearly been in the making since 2014, when Konga first announced a payment feature that would let GTBank customers pay for their purchases via a bank transfer that wou