As Nigeria integrates cyber banking transaction arrangement into its banking institution, a footfall which is accepted to abate the breeze of concrete banknote circulating in the economy, she has as well connected to animate and advance electronic-based affairs (ecommerce/e business). This is in a bid to modernize the transaction arrangement and drive abiding development in band with the Federal Government’s eyes
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Online financial transactions in nigeria
1.
2. Raising the acquaintance and compassionate about the
allowances and accomplishing of e-commerce in any
accustomed abridgement however, is a primary
assignment of every nation, abnormally a developing
country like Nigeria.
E-commerce, which is an cyber banking way of
accomplishing business, is a complete admission of
humans application the internet for their above needs
and absorption such as paying bills, arcade
online, applying for vacancies, registering for exams etc.
As a result, it tends to addition business activities and
actualize doubly application opportunities.
http://www.andyskipper.com/category/ecommerce/
3. E-commerce puts abnormally the baby and average
enterprises (SMEs) in the front-line, authoritative them
become added aggressive in the market. As the action
grows, new markets are accessed and abounding new
application opportunities are created.
Within the endure two years, assorted clandestine and
accessible (government) platforms accept connected
to rollout out in Nigeria. The cast of
Jumia.com, Konga, Buylocalthings.com, Wakanow.com
, worldmartafrica.com to name but a few accept
abounding the internet space, authoritative it easier for
online shoppers.
http://www.andyskipper.com/category/ecommerce/
4. With the arising advance in e-commerce, Nigeria is
approaching an admission in bread-and-butter
growth, a above amateur in the e-commerce
industry, and a co-founder of Jumia.com, one of
the arch online-retailers in Nigeria, Mr. Tunde
Kehinde, has said.
As a co-founder of Jumia Nigeria, Kehinde who
referred to ecommerce as the action of affairs and
affairs of articles or casework on the
internet, declared that the internet has no
agnosticism appear to break with its amazing
possibilities.
5. According to Kehinde, Nigeria recorded an estimated
25 per cent advance in online arcade with revenues
admired at N62.4 actor in 2011, which is N12.5 billion
admission from 2010 as appear by Euromonitor
international, a all-around bazaar analysis organization.
Stating that with over 160 actor people, Nigeria stands
a abundant adventitious to become the next e-
commerce hub of Africa, he said: Online arcade has
afflicted the way barter and retailers think. Barter are
consistently gluttonous to calmly boutique endlessly
while retailers are consistently gluttonous new paths to
growth. A country's affairs for online retail success are
carefully accompanying to how abounding humans
use the Internet and how abounding are adequate
purchasing articles online in agreement of aegis and
chump satisfaction.
http://www.andyskipper.com/category/ecommerce/
6. According to addition co-founder of Jumia Nigeria, Mr.
Raphael Afaedor, e-commerce could accommodate
several nations into the all-around market, which in about-
face improves and strengthens the bread-and-butter
abundance of these nations.
Afaedor as an able in the e-commerce industry accent some
basal factors, which he termed obstacles to the advance of
e-commerce in Nigeria. According to him, abridgement of
basal basement like abiding ability supply, acceptable
anchorage as able-bodied as bound admission to
telecommunication basement and top amount of
Internet, could arrest the advance of e-commerce in Nigeria.
http://www.andyskipper.com/category/ecommerce/
7. In the breadth of poor infrastructure, he said the
affair revolved primarily about power, accessible
abstruse ability and poor allotment for startups.
He said: “The ability bearings in the country has
remained actual poor, there is the affair of bound
admission to telecommunication basement and
top amount of Internet and the anchorage are not
absurd either.”
http://www.andyskipper.com/category/ecommerce/
8. Being an online retail company, it is of absolute accent to
accumulate our ability anatomy up and active all day, seven
canicule a week; so one can admiration its banking
implications on the business and how we administer to break
aggressive with our pricing. It’s simple. As a aggregation
apprenticed by targets and chump satisfaction, we accept
congenital a cobweb arrangement of top bounded and all-
embracing brands with a mission to bringing best superior
articles to our barter at the best amount deals anywhere in
the country, this in about-face has helped us see a abiding
admission in our chump base, giving us the accommodation
to administer this challenge.
http://www.andyskipper.com/category/ecommerce/
9. According to him, absolute in an ambiance with charge for
added broad-mindedness as to the business of e-
commerce, not apathy the annoyance of cyber-crime
associated with our society, Jumia Nigeria consistently seeks
to brainwash individuals about e-commerce; through its
operations.
We try to accretion the assurance of our barter and affairs
alike, also, consistently searching for channels to ability our
barter to appearance them we affliction about bringing
solutions to what should absolutely be a adequate
experience.
10. Afaedor declared that with e-commerce, the abstraction of
humans affairs appurtenances and casework that could not
see and blow physically was not the blazon of accident a lot
of humans ability wish to yield because they are not assured
whether online merchants are assurance aces abundant to
bear articles and casework as promised.
http://www.andyskipper.com/category/ecommerce/