Startups

Kiwi Pay Group to Launch Largest Online Marketplace in Sub-Saharan Africa

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Kiwi Pay Group, a Singapore-based fintech has entered into a strategic partnership with Bolloré Logistics, one of Africa’s leading transport and logistic businesses. The new partnership will see Kiwi Pay Group launch the biggest online marketplace in sub-Saharan Africa.

Kiwi Pay Group has developed a Super App over the past few months and is looking to launch it in Cameroon in part of a strategic partnership with French group Bolloré Logistics.  This will enable them to offer the Africa market millions of products from European retailers at affordable prices, and use local payment methods such as credit cards and mobile money, including 4 to 5 days of air shipping to several countrywide delivery connection points.

Cameroon customers can buy products such as DVDs, books, computers, games, cosmetics, appliances, and millions of SKUs through this strategic partnership from their mobile application in the coming weeks.

Kiwi Pay Group, Bolloré Logistics, and the Customs Bureau of Cameroon sealed the strategic agreement on Wednesday the 4th in Douala, Cameroon. Before then, Kiwi Pay Group had also signed strategic agreements with different economic zones across Africa such as CEMAC, GIM-UEMOA, that allow it to transact in the local currency, FCFA.

In the press release, Serge Agnero, the Regional Manager for Bolloré Transport & Logistics described Kiwi Pay Group as “an experienced player”. We earlier covered Kiwi Pay Group’s launch of the token KGO that will be used to reward app users including the vendors, customers, and drivers, allowing them to hold it and use it later to benefit their e-commerce platform.

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Shirleen
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