Online marketplace, Konga.com has introduced the bank
verification number, BVN as part of its authentication process for online
payment in its recently introduced e-payment platform, KongaPay. In order
to make online transaction more secure, KongaPay utilises One Time Password,
OTP culled from the user’s bank verification number (BVN) to authenticate
transactions.
This makes KongaPay the first non-banking e-payment solution to link BVN
to its process through its partnership with the Nigeria Interbank Settlement
System, NIBSS. Speaking to journalists recently in Lagos, Vice President,
Payment and Digital Goods, Konga.com, J R Kanu , said after successful launch
and integration of KongaPay with Access Bank, Diamond Bank, Ecobank, FCMB, First
Bank, GTB, Heritage Bank, UBA and Zenith Bank, most Nigerian banks now offer
access to KongaPay boosting the confidence Nigerians have on electronic payment
and e-commerce.
According to him, through a partnership with Nigerian banks,
KongaPay has changed the face of online shopping in Nigeria by removing
the uncertainties customers associate with pre-paying for goods and services
they are yet to receive. The online payment platform allows customers pay
for their orders without using debit cards or having access to the internet,
thereby reducing their dependence on payment on delivery and restores trust
among users.
He further explained that unlike other online payment platforms,
KongaPay eliminates the need for customers to enter sensitive personal information
such as credit or debit card details or Internet banking passwords. Also
any customer who has a bank account and a registered mobile phone can use the
KongaPay without necessarily signing up for internet banking.
During a demo session, Vice President, Marketing,
Konga .com, Gabriel Gab-Umoden, said that upon opening an account on KongaPay,
the user gets instant loyalty reward of N500. Gab-Umoden said that
KongaPay is not only more secure but also easier to use than other e-commerce
payment methods as sign up and subsequent usage can be completed in just a few
steps.
Explaining the process, he said, “What the shopper is required to do to
register on KongaPay, is to select his or her bank, enter his or her name,
account number and date of birth and then finish registration by using the code
sent via SMS to the individual’s registered mobile number. This code will be
used to authorize his or her transactions anytime the user shops on Konga.com.”
Vanguard Business: By Jonah Nwokpoku
No comments:
Post a Comment