Jumia Pay is an online payment method developed by Jumia, an e-commerce company operating in several African countries. Jumia Pay allows users to make secure and convenient online transactions.
Here is some information about Jumia Pay:
– Features: Jumia Pay enables users to pay for their online purchases on the Jumia platform, as well as at select partners and merchants accepting Jumia Pay as a payment method. It also offers the option to transfer money between Jumia Pay users.
– Security: Jumia Pay prioritizes the security of online transactions. Sensitive financial information is encrypted to ensure data confidentiality. Additionally, Jumia Pay employs standard security protocols to prevent fraud and malicious activities.
– Integration with Jumia: Jumia Pay is tightly integrated with the Jumia e-commerce platform, streamlining the payment process when purchasing products on the site. It provides a convenient and fast payment option, eliminating the need to manually enter payment information for each purchase.
– Partnerships with other financial services: Jumia Pay has established partnerships with banks, mobile payment services, and other financial service providers in certain countries. This allows users to top up their Jumia Pay account from various sources and use Jumia Pay for payments in different contexts.
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NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.
What are the risks associated with cross-border payments?ibenot2023-04-18T18:57:21+02:00
Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.
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