January 25, 2022 All Things Fintech in Africa

Konga Pay : Features you never knew  about and How it Works.

Konga Pay is a pilot product launched by Konga.com in 2015 for online shoppers.  Shopping on Konga was made easier with Konga pay. Sometimes, to shop online, comes with a certain distrust. So there are  many questions bordering around online fraud. You can purchase a product, and never get it delivered. Or other times, your money is lost in transit.

I’m very skeptical about shopping online, similarly as many other Nigerians who have a disdain for buying things online. Although, shopping online relieves the stress you would have had touring a supermarket or a mall, it still has its challenges. From fraud and distrust, however, Konga Pay is an innovation unveiled to protect online shoppers.

Let’s meet Konga Pay

Similarly, Konga Pay is what Amazon is to online shoppers.  An one-click payment platform integrated with Eco bank, Access bank, FCMB bank, Diamond bank, Zenith Bank, Heritage Bank, UBA, First Bank, and GTB. Which allows for seamless movement of goods , services and payments. As it guarantees safety and trust, has eliminated the use of sentisive personal information such as internet banking passwords or card details.  Instead, a customer receives an authorization code that is secured and registered to the mobile phone number and a bank account.

How it works? 

Registration on Konga pay is simple and easy.

  • To get started, download the app on google play store or app store. Or sign up on the kongapay.com.

  • Enter your personal information. This includes your name and contact details.

  • The next step is to create a Pin and enter the verification code sent to your phone and you now  have a Kongapay account.

The requirement are divided into two levels:

KongaPay Classic:

– Name

– Phone number (Verified with One Time Password)

– Date of Birth

– Gender

– Home address



KongaPay Premium:

– Name

– Date of Birth

– Gender

– Home Address

– Card or Bank Account details

– BVN

As a Konga Pay Calssic User, transactions can only be made when a Konga Pay user funds your wallet.

Konga Pay Classic and Konga Pay Premium

Konga Pay Classic:

  • Only a maximum of 10,000 per transaction is allowed.
  • For a day, it is a maximum limit of 100,000.
  • No transaction can be made if your wallet is not funded.
  • Your wallet can be only funded by a Konga Pay User.
  • It allows a  monthly discount of  1,000 maximum on any purchase on Konga.com, payment for airtime, DSTV and GOTV subscription.

Konga Pay Premium:

  • It allows a monthly discount of 2,000 maximum on any purchase on Konga.Com, payment for airtime, DSTV and GOTV subscription.
  • Your wallet can be funded by an account user or Konga Pay user.
  • Transactions can made if when your wallet is not funded.
  • A daily limit of 1, 000,000 transaction is allowed.
  • Only a maximum of 100,000 is allowed.

Auto Tv Subscription Renewal

 

How it works:

 

  • Click on TV subscription on the dashboard or select this from “services” on your mobile app.
  • Select your preferred TV subscription (DSTV or GOTV).
  • Key in your smartcard Number.
  • Choose your preferred bouquet.
  • Since you want the payment to auto renew monthly, tick the box for “Auto-renewal”
  • If you do not have a card information already, you will be prompted to update your card info.
  • You will be prompted to put in your pin and OTP (One Time Password).

 

The auto-renewal can be cancelled on the app or website. To cancel, click on active subscriptions .

 

Banner
Related Posts

PayLink.ng, a new e-payment product launched by System Specs

March 18, 2020

March 18, 2020

Paylink.ng is a payment solution that allows users to receive money instantly into their bank account from anyone, anywhere and...

Hollaport Launches in Lagos, Announces its Plan to Deepen Financial Inclusion

July 12, 2019

July 12, 2019

Kabiru Rabiu of BUA Group Launches Hollaport App Kabiru Rabiu, Group Executive Director of Bua Group, a leading Nigerian conglomerate...

FlutterWave Partner with AliPay to Foster Payments between Africa and China

August 7, 2019

August 7, 2019 1

FlutterWave, a Lagos-based fintech, has partnered with AliPay, a Chinese e-payment solution to foster digital payments between Africa and China....

Opay Expands as it launches tricycle hailing service, OTrike in Nigeria

August 25, 2019

August 25, 2019 1

  Introduction The opera company, the Chinese-backed startup is giving other fin tech startups a clear run for their money...

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction

August 12, 2019

August 12, 2019 1

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction Value Earlier today, the CEO of Paga, Nigeria’s foremost...

Verifyme Secures a Series A Funding from Consonance Investment Manager

January 31, 2020

January 31, 2020

VerifyMe Nigeria, an ID verification and KYC technology company,  has secured a Series A financing for an undisclosed amount from...

SafriCom has partnered with Ria Money Transfer to Improve International Money Transfers through M-Pesa

January 31, 2020

January 31, 2020

Safaricom has partnered with Ria Money Transfer, to empower more than 26 million M-PESA customers to receive international money transfers...

World Remit: A FinTech Startup Revolutionizing Money Transfer and Remittance  

April 17, 2019

April 17, 2019 1

World Remit, in short, is money transfer and remittance made easy. Within minutes of transactions, funds are being directly deposited...

Top 10 Interesting facts about Interswitch Nigeria

April 11, 2019

April 11, 2019 1

Top 10 Interesting facts about Interswitch Nigeria Today many payment processing companies exist, but Interswitch Nigeria has made an incredible...

Uber Launches a Financial Product Known as Uber Money

November 28, 2019

November 28, 2019

  Uber, the ride company has announced a new expansion into a financial product which includes a digital wallet and...

FlutterWave  yet again secures a $35 million series round and a Partnership with WorldPay

January 24, 2020

January 24, 2020

  FlutterWave, a San Francisco and Lagos-based fintech startup has secured a $35 million Series  B round  and a partnership...

With Wallet you can Upgrade your Daily Personal and Financial Experience

April 25, 2019

April 25, 2019

  Wallet is an app that enables you to make quick financial decisions daily. With ease and convenience, banking has...

PesaLink, Kenya’s Payment System

October 28, 2019

October 28, 2019 1

  What is PesaLink? Pesalink is a payment system launched by the Kenya Bankers Association (KBA). This is a digital...

KudiGO, a Ghaianian startup, that builds solutions for the consumer retail industry, plans expand to Nigeria .

February 1, 2020

February 1, 2020

KudiGo started operations in November 2018, providing an integrated, mobile-based retail, payments, accounting and analytics engine for the consumer retail...

Ghana Launch a Contactless Payment System Curb the Spread of COVID

March 30, 2020

March 30, 2020

  The Vice President of Ghana, Dr. Mahamudu Bawumia has launched a contactless payment system to encourage the adoption of...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.