JumiaPay app is a versatile mobile payment platform from leading African e-commerce company Jumia. Originally launched in 2012 as JumiaOne, the app has evolved to let users across Nigeria and 7 other African countries pay bills, book hotels, send money, and more right from their phones.
One standout feature of JumiaPay is that there are no extra fees to pay your bills, making it an attractive option compared to other payment methods. The app also brings the security of the well-established Jumia brand to your everyday online and in-person transactions.
With JumiaPay, you can top up airtime, pay electricity and other utility bills, send money to friends, book hotels, and much more. It aims to connect you to all your payment needs in the fastest, easiest and most secure way possible.
This review will take a comprehensive look at everything JumiaPay offers, from mobile top-ups to the new Jumia Pay Loan feature in partnership with Access Bank. We’ll examine how easy it is to use, any fees or discounts available, and how to get started with this innovative payment solution made for African consumers.
What is Jumiapay?
JumiaPay is a versatile mobile application that serves as a comprehensive financial solution for users in Nigeria and beyond. It simplifies everyday transactions by allowing users to conveniently top-up airtime, pay for mobile data, and settle bills for electricity, cable TV, and toll gates. The app offers guaranteed bonuses on airtime and mobile data purchases, free bill payments and secure payment options via bank accounts or credit cards.
In addition to its core functionalities, JumiaPay provides a diverse range of services, including online shopping, hotel booking, flight and bus ticket purchases, Uber rides, food delivery, and more. This makes it a one-stop platform for various financial and lifestyle needs.
Moreover, Jumia Pay Loan, a feature of JumiaPay, offers instant access to loans of up to ₦100,000, serving as a vital financial resource for many individuals. These loans can be seamlessly utilized for making purchases on the Jumia platform, enhancing the overall shopping experience for customers.
The Ipay app, part of JumiaPay, consolidates multiple transactions into a single dashboard, allowing users to quickly pay bills, recharge phones, buy data bundles, and engage in various other financial activities.
Furthermore, JumiaPay app users can enjoy discount bonuses on all their purchases, with every individual who downloads and installs the app being eligible for cashback of 5% and above on all transactions, regardless of whether they refer others or not.
Features of JumiaPay App
JumiaPay, a mobile app, offers various features that cater to various financial and lifestyle needs. Let’s delve into the diverse functionalities that make JumiaPay a versatile platform for users:
- Instant Airtime & Data Recharge: JumiaPay allows users to recharge airtime and data instantly and send airtime and data to friends and family.
- Zero Fee Bill Payments: Users can pay utility bills without incurring fees, providing a convenient and cost-effective way to manage essential expenses.
- JumiaPay Loans: JumiaPay offers access to instant micro-loans, including payday loans, student loans, and business loans, with a friendly interest rate of 3.5% and no additional fees. The loan options are available within 30 seconds and can be secured in just 5 minutes.
- Basic Utilities: This feature allows users to pay for various utilities such as airtime, data, TV subscriptions, electricity bills, internet, and international top-ups, with cashback and discounts on each transaction.
- Financial Services: JumiaPay provides access to exclusive financial services, including easy-to-apply micro-loans, investment opportunities in collaboration with Lotus Capital, money market investment plans with AXA, and flexible health insurance options.
- Referral Program: Users can refer others to JumiaPay and receive compensation for each new user brought to the platform.
- Gaming: JumiaPay offers the purchase of game cards and gift cards, including popular options like PUBG, PlayStation Gift Cards, Steam Gift Cards, and Xbox Live Gift Cards.
- Vouchers, Coupons, and License Keys: Users can buy vouchers, coupons, and license keys to unlock special features in their merchant accounts, including iTunes Gift Cards, Google Play Gift Cards, and Microsoft products.
- Lifestyle Offerings: JumiaPay facilitates payments for a wide range of lifestyle services, including checking WAEC results, betting, food delivery, hotel bookings, flights, supermarket purchases, taxi rides, bus tickets, movies, and toll payments, with discounts available for certain transactions.
- Shop on Jumia: Users can seamlessly shop for various products on the Jumia platform, including flash sale items, groceries, daily deals, fashion items, electronics, beauty products, and appliances.
- JumiaPay Business: This feature serves as a gateway for individuals to make payments for companies, utility bills, Jumia items, flights, and hotel bookings.
- Shake and Win: JumiaPay offers a fun feature where users can shake their phones to win prizes, including Jumia store credits, with terms and conditions applied.
These diverse features collectively make JumiaPay a comprehensive and user-friendly platform that caters to a wide range of financial and lifestyle needs, providing convenience, security, and value-added services for its users.
How to Apply For Loan on The JumiaPay App
To apply for a loan on the JumiaPay app, follow these steps:
2. Scroll down within the app until you find the ‘Financial Services’ section, then click on ‘Loans.’
3. Fill in all the requested information as part of your loan application.
4. Approval typically takes just a few minutes. After approval, you will receive an email requesting additional details for disbursement.
5. Provide the required details as requested in the email. Once this is done, the loan amount is deposited into your account.
JumiaPay offers favourable loan terms, with an interest rate of 3.5% and no additional fees. Loan amounts can range from ₦1,000 to ₦100,000, and repayment is typically within 30 days. Applicants can access loan options within 30 seconds, and the entire loan disbursement process is completed in five minutes.
To get started, applicants must possess a Jumia account and a valid Nigerian bank account. The application itself is conducted through the Jumia app or website, streamlining the process for prospective borrowers. The quick and easy application process typically yields a decision within minutes. Once approved, the loan amount is credited directly to the borrower’s JumiaPay account, ensuring swift access to the funds.
How to Fund JumiaPay Account
To fund your JumiaPay account, you can follow these general steps:
- Open the JumiaPay app on your mobile device.
- Navigate to the “Add Money” or “Fund Account” section within the app.
- Choose your preferred payment method, such as linked bank account, credit card, or other available options.
- Enter the amount you wish to add to your JumiaPay wallet.
- Follow the prompts to complete the transaction securely.
How to Transfer Money From JumiaPay to Bank Account
To transfer money from your JumiaPay account to your bank account, you can typically follow these steps:
- Open the JumiaPay app on your mobile device.
- Navigate to the “Transfer” or “Withdraw” section within the app.
- Choose the option to transfer funds to your linked bank account.
- Enter the amount you wish to transfer.
- Follow the prompts to complete the transaction securely. This may involve confirming the transfer with a PIN or password.
How to Withdraw From JumiaPay
Sure, you can use the following steps to learn how to withdraw funds from your JumiaPay wallet to your bank account:
- Log in to your JumiaPay account using your credentials, which can be found in the JumiaPay email related to the refund.
- On your dashboard, you will see the total refund value in your Wallet Account. Click on the “Withdraw” button.
- Select whether you want to withdraw by transferring the funds to a bank account or a credit/debit card.
These steps should guide you through the process of withdrawing funds from your JumiaPay wallet to your bank account.
In conclusion, JumiaPay is a comprehensive financial solution catering to various needs in Nigeria and beyond. From zero-fee bill payments to instant airtime and data recharge, the app offers convenience and cost-effectiveness. Its diverse features, including JumiaPay Loans and lifestyle offerings, make it a versatile and user-friendly platform. With favourable loan terms and a swift application process, JumiaPay provides a seamless and secure experience, enhancing the financial landscape for its users.