What is jumia technologies ?

Jumia is a Pan-African technology company that is built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while the payment services facilitate the payments of online transactions within Jumia’s ecosystem.

Beside above, what’s wrong with Jumia? Citron Research openly accused Jumia of fraud and described its equity as “worthless.” From a peak price of $49,99, Jumia stocks fell off a cliff and the bottom dropped out as the share price fell below its IPO price of $14.50. Some disgruntled investors began filing class action lawsuits.

Correspondingly, how do I use Jumia?

Amazingly, where is Jumia based? Currently, Lagos, Nigeria–based e-tailer Jumia is at the forefront of Africa’s e-commerce movement. The company has warehouses in 10 countries, including Nigeria, Kenya, Egypt, Tanzania, and the Ivory Coast, and offers thousands of items to a public eager to buy quality goods.

Similarly, what is Jumia known for? Jumia is Nigeria’s number one online shopping destination where you can shop the widest selection of electronics, fashion, home appliances, kid’s items and more in Nigeria and have them shipped directly to your home or office at your convenience!

How does Jumia make their money?

Jumia.com.ng Asides making revenue from the profit margin on items sold from its inventory, Jumia — the eCommerce platform — also charges commissions (up to 25%) on all sales made by third-party sellers.

Who are Jumia competitors?

  1. Souq — owned by Amazon — is leading in the Egyptian market.
  2. Jiji — with over 8 million monthly active users, Jiji is a strong competitor in Nigeria.
  3. Konga — has been an war with Jumia for years in a battle to dominate the Nigerian ecommece market.

Is jumia trusted?

No to Fake products JUMIA’s goal is to build the best online shopping experience to gain customer’s trust; this is why we only sell genuine and original products. JUMIA is abiding by the legal rules related to the Customer Protection regulations.

How can I buy products from jumia?

  1. On the page of the product click the button “Buy now”
  2. Now the green screen appears at the top of the page showing that the product has been added to your customer card.
  3. you can continue shopping, or go to an order details.

Does jumia accept cash on delivery?

You can choose to pay cash on delivery or do a funds transfer. Jumia pay on delivery allows you to make payment with Cash or with a debit card. Be sure that this way of payment is safe, simple, and comfortable.

Is Jumia a multinational company?

In fact, they succeed because they have built a multinational network of expertise, skills, shared technology and learning. In any case, Jumia’s market is Africa-focused. The company has grown like wildfire ever since it got going.

Are Jumia products original?

Are all products on Jumia original, new/unused and genuine? Yes, We are committed to offering our customers 100% genuine and original products. We also take the necessary actions to ensure that any seller found to be selling non-genuine products is immediately delisted from selling on Jumia.

How many countries use Jumia?

Today, Jumia owns a larger fleet of delivery trucks than DHL and distributes goods in eleven countries. To some extent, the company has reduced Africa’s geographical fragmentation. Jumia’s business model enables the company to improve the lives of African consumers.

Why is Jumia successful?

The rebalancing of the business initiated at the end of 2019 has increased Jumia’s exposure to faster-selling items and reduced advertising spending, supporting unit economics. Jumia has also begun using its logistics dominance to act as a platform company for deliveries, similar to a company like GrubHub.

What percentage does Jumia take?

In line with the Federal Government’s directive on the Finance Act 2019, the Value Added Tax (VAT) applicable on goods and services offered by Jumia would be increased from 5% to 7.5% effective on the 1st of February 2020.

Back to top button

Adblock Detected

Please disable your ad blocker to be able to view the page content. For an independent site with free content, it's literally a matter of life and death to have ads. Thank you for your understanding! Thanks