Jumia and Mogo Sign Strategic Partnership to Expand Digital Installment Solutions

Jumia, Africa’s leading e-commerce platform, and Mogo, a leading consumer finance solutions provider, have announced the signing of a strategic partnership agreement aimed at expanding digital installment solutions and offering more flexible payment options for e-commerce customers in the Egyptian market.

Driving Digital Transformation

This partnership comes as part of both companies’ commitment to supporting digital transformation in the payments sector and delivering innovative financial solutions that simplify the online shopping experience and enhance customers’ purchasing power.

The move aligns with the rapid evolution of consumer behavior and the growing reliance on digital channels for purchases.

Flexible Installment Plans

The agreement aims to provide Jumia customers with clear and transparent installment plans through the seamless integration of Mogo’s financing solutions into the e-commerce platform.

The integration is designed to ensure a simple, secure, and hassle-free user experience, without additional complications or hidden burdens. The partnership also seeks to accelerate the adoption of modern digital payment solutions and promote financial inclusion across a broader segment of users throughout Egypt.

Joint Promotional Campaign

Alongside the signing of the agreement, Jumia and Mogo announced the launch of their first joint campaign under the “Triple Zero” system, enabling customers to benefit from installment plans with zero down payment, zero interest, and zero administrative fees, with repayment periods of up to 12 months.

The campaign will run for a limited time, one week only, from February 9 to February 15 on Jumia’s platform, aiming to encourage customers to try digital installment solutions and take advantage of their benefits.

Expanding Digital Payments

In this context, Abdel Latif Olama, CEO of Jumia Egypt, said: “This partnership is part of Jumia’s strategy to expand digital payment solutions and enhance the installment options available to our customers. Through our collaboration with Mogo, we are keen to deliver a more flexible and transparent shopping experience that meets market needs and strengthens customer trust in e-commerce.”

Seamless Experience

Mahmoud El-Ghawas, CEO of Mogo, commented: “Our partnership with Jumia represents an important step toward expanding digital installment payment solutions and delivering a seamless and transparent customer experience. This aligns with our philosophy of making money always accessible and enabling fast financial decisions without complexity. We look forward to building a sustainable collaboration that supports the growth of e-commerce in Egypt and broadens access to innovative financing solutions for more consumers.”

Long-Term Collaboration

Both companies emphasized that the agreement lays the foundation for a long-term strategic collaboration that goes beyond promotional campaigns to include the development of further joint initiatives and solutions in the coming period. The partnership is expected to contribute to the advancement of the digital payments ecosystem, support the growth of the e-commerce sector, and strengthen Egypt’s position as a promising fintech market in the region.

The partnership reflects the shared vision of Jumia and Mogo to build an integrated digital ecosystem that places customer needs at the forefront and supports the future of e-commerce and digital financial services in Egypt.

Source: Press Release