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Research Identifies KongaPay as Nigeria’s Leading e-wallet Platform

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KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, has been identified as the leading provider of digital payment services for e-commerce transactions in Nigeria.

The rating came from Statista, a globally renowned market and consumer data firm.

The development justifies the huge popularity and impressive dominance KongaPay enjoys as a reliable, secure and trustworthy e-payment channel for many savvy users in Nigeria.

Furthermore, the platform, which ranks as one of the thriving subsidiaries in the Konga Group, Nigeria’s leading e-commerce giant, has once again lived up to its billing as one of the top enablers of online shopping in Africa’s biggest market.

‘‘In 2020, e-wallet held about 10 percent of digital payments in Nigeria. The most common service was KongaPay, which accounted for four percent of the payments, while PayPal followed with three percent,’’ research from Statista disclosed.

‘‘Overall, cash and bank transfers were the second most common payment methods in online retail after cards. However, data on credit card penetration in Nigeria show that the share of people owning a credit card is quite low,’’ it added.

KongaPay has recorded significant growth since the landmark acquisition of Konga by Zinox a little over three years ago. The platform has witnessed an impressive 700% growth in number of existing wallets, with projectionsindicatinga rise toover one million wallet holders by the end of 2021.

Instructively, the dominance of KongaPay ine-wallet transactions in Nigeria has hardly come as a surprise to the Management of Konga, which has disclosed that more landmark strides are on the way, not only for the fintech platform, but for the other thriving verticals under the Konga Group umbrella.

Lending more insights into the massive groundwork going on behind the scenes to further grow its market share, Isa Aliyushata, vice president, KongaPay is bullish about the chances of the platform taking its popularity as a trusted e-commerce payment vehicle to other African markets.

‘‘E-commerce is growing in Nigeria and compared to when the bug first bit, the proportion of those making online payments is also gradually hitting an upward curve. Now, for most e-commerce shoppers willing to make payments digitally, a few considerations are paramount. These include security, reliability, user-friendliness, convenience, and, of course, safety.

‘‘KongaPay offers all these and much more.

‘‘We have not only built a robust and reliable payment platform but have also done a lot of work in expanding the scope of services being offered by KongaPay.

‘‘Today, with KongaPay, you can make cardless withdrawals for all banks in Nigeria, transfer money to individual accounts or various accounts at once, receive payments from customers, creditors or benefactors through a variety of means, buy airtime from various telcos or network providers such as MTN, Airtel, Glo and 9Mobile, etc., pay for or renew your internet subscriptions, recharge and pay for electricity digitally, renew your cable TV subscription including DSTV, GOTV, IrokoTV, etc., pay for flights, travel and hotel accommodation, fund your sports betting, lottery and gaming accounts and also use it as a mobile money wallet, among others.

‘‘KongaPay is also in the forefront of promoting financial inclusion across the reached, the unreached and under-served segments of the populace.

“We are doing a lot in this regard through the engagement of KongaPay mobile money agents across the nooks and crannies of Nigeria, while also recently extending our services to Nigerians in the Diaspora, many of whom have often struggled to find a reliable way to extend support to their families and relatives back home, make payments to suppliers or even receive payment for the goods and services they sell here.

‘‘We are confident of growing our share of the digital payments market, while also not ruling out expansion into other African markets,’’ he disclosed.

Launched in 2015, KongaPay debuted as a pilot product in partnership with Nigerian commercial banks in response to concerns expressed by customers about the confidentiality of their details while trying to make payment for products on the Konga website.

Since inception, the platform has grown immensely and under the drive of the new management of Konga, is leading the new-found appetite for digital payments among e-commerce patrons and other subscribers, processing tons of transactions on a daily basis.

Also sharing his thoughts on the impressive growth trajectory of KongaPay and other subsidiaries within the e-commerce giant’s fold is Nick Imudia, Co-CEO, Konga Group.

‘‘Alongside KongaPay, through which we are bringing more Nigerians into the financial inclusivity index, there is a lot more to be enthusiastic about within the Konga Group.

‘‘Among these is our growing portfolio of physical stores spread across Nigeria’s vast landscape which also serve as collection centres for many shoppers; Kxpress, our in-house digital logistics and delivery company which has not only demystified logistics but also handles complicated projects and other deliveries for external parties; Konga Travel, a leading IATA-certified online travel and tours agency with a string of credible local and international awards to its name all within three years; our latest entrant, Konga Health, a digital health care distribution chain which has garnered all statutory certifications and already partnered with the Association of Private Medical Doctors to boost the scope of quality healthcare products and supplies deliveries in Nigeria; as well as the soon-to-be-launched Konga Food, for which we have almost concluded a pilot phase.

‘‘Through these platforms and others which are still in the pipeline, we are raising the bar of standards and service delivery in the e-commerce sector and giving Nigeria and indeed Africa an indigenous brand they can be proud of,’’ he concluded.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Indwelt Studios Seeks Increased Awareness @ World Sickle Cell Day

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Every June 19th, the world pauses to recognize something that, for millions of families, never pauses at all. World Sickle Cell Day is observed across the globe to bring sickle cell disease out of the shadows; to name it, to understand it, and to stand with the people who live with it every single day.

This year, the world marks the day under the theme “Closing the Survival Gap: Equity in Sickle Cell Disease.” It’s a phrase that asks a hard, necessary question: why should where you’re born, or what your family can afford, decide whether you live well, or live at all?

For us at Indwelt, that question isn’t abstract. It has names and faces we know.

Why this day means something to us;

Here in Nigeria, sickle cell isn’t a distant statistic. Our country carries the heaviest burden of the disease anywhere in the world; roughly 150,000 babies are born with it here each year, and millions of Nigerians live with it into adulthood. Behind those numbers are real people: managing pain that often goes unseen, navigating crises that arrive without warning, and carrying on with a quiet courage that most of us will never fully understand.

Some of those people are our colleagues.

Since our inception, we’ve had and still have team members who live with sickle cell. They show up, they create, they pour themselves into the work we’re proud to put our name on; and they do it while carrying something most of us never have to think about.

Our team member with sickle cell, put it to us simply:

“People see the work I deliver, but they don’t see the days I show up after a night I didn’t think I’d get through. Sickle cell is part of my story, but it isn’t the whole of me; and being a part of an organization that understands that, supports me and let’s me do work I’m proud of continues to make a difference for me. I don’t want sympathy. I want a world that takes this seriously enough to change the odds for the next person.”

Supporting them, through medical interventions and through simply being a workplace that sees them fully, has never felt like a policy or a perk. It’s felt like family looking after family.

That’s where our commitment began. Not in a boardroom, but in the everyday reality of caring for our own.

If you’ve ever asked; this is the reason we’ve chosen to anchor our Corporate Social responsibility around sickle cell, supporting initiatives that improve care, and backing the research working toward a future where this disease no longer steals so many years from so many lives.

We believe the survival gap can close. We’ve seen what changes when someone living with sickle cell is met with the right care, the right understanding, and the right support; they don’t just survive, they thrive. They build, they lead, they make beautiful things. We know this because we work alongside them.

So, our promise is simple: to put our resources, our voice, and our craft behind the people and the science fighting for better outcomes. To keep learning. To keep listening to those who live this reality. And to use whatever reach we have to make sure that, in this country with the world’s heaviest burden, no one feels they’re carrying it alone.

For someone living with sickle cell, care that comes to you and care you can actually afford aren’t luxuries; they’re often the difference between a crisis managed and a crisis survived. We’re proud to walk alongside teams doing that quiet, necessary work.

To anyone living with sickle cell, today and every day; we see your strength; including the kind that doesn’t look like strength, the kind that’s just getting through a hard day and showing up for the next one. You are not your diagnosis. You are not a burden. You are someone we’re honoured to stand beside.

And to everyone reading: you don’t need a CSR budget to make a difference today. Learn what sickle cell really is. Know your genotype. Have the conversation. Give blood if you can. Be gentle with the people around you who may be carrying more than they let on.

Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close.

This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.

To our clients, we owe a particular thank you. Every brief you trust us with, every project we build together, every time you choose Indwelt; you are doing more than growing your business. You are helping fund the care, the awareness, and the research behind this cause. The work we do for you is quietly working for someone living with sickle cell, too. That partnership means more to us than you may realise, and we’re deeply grateful for it.

Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close. This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.


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Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions

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Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has uncovered a major telecommunications fraud syndicate accused of compromising a telecom company’s billing infrastructure and fraudulently generating data valued at more than N7.7 billion.

Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions

The breakthrough led to the arrest of several suspects and the recovery of assets believed to be proceeds of the crime, including nearly N90 million in cash, two residential houses, a mini-plaza, and a Toyota RAV4 vehicle.

In a statement issued on Thursday, June 18, 2026,  DSP Unwana Imah, Police Public Liaison Officer of the NPF-NCCC, disclosed that investigations revealed the involvement of both insider collaborators and external accomplices in the large-scale cyber fraud operation.

According to the statement, the investigation was launched following a petition by a leading telecommunications service provider, which reported the unauthorized use of staff login credentials and a breach of its network billing system.

Preliminary findings showed that between October 1 and November 28, 2024, the suspects unlawfully accessed the company’s billing infrastructure and generated fraudulent airtime.

The airtime was subsequently converted into data bundles and distributed through a network of vendors operating across the country.

The criminal operation reportedly caused losses running into billions of naira before it was detected by the telecom provider, which promptly alerted security agencies.

“The Nigeria Police Force through the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has recorded significant progress in the investigation of a case involving Computer Related Fraud, Unauthorized Access to Computer Systems, and Theft of Telecom Services,” the statement said.

During the course of the investigation, operatives arrested several suspects and recovered more than 400 laptops, 1,000 mobile phones, Point of Sale (POS) machines, cash exhibits, and other evidential materials.

The telecommunications company was also able to reverse approximately 2,931.79 terabytes of fraudulently obtained data, valued at about N3.8 billion.

Further investigations uncovered the participation of insiders working alongside external collaborators to execute the scheme.

In a second phase of operations carried out in May 2026, NPF-NCCC operatives acted on intelligence and conducted coordinated raids across Kano, Katsina, and Zamfara states, leading to the arrest of key suspects identified as Musa Muhammed Kwandi, Nura Sadauki, and Aminu Muhammed.

Other suspects arrested include IT specialist Musa Hassan Mohammed, Samson Alisigwe, and Yusuf Shehu, all of whom are believed to have benefited from the proceeds of the fraud.

Through extensive financial investigations and asset tracing efforts, police recovered almost N90 million and seized properties linked to the alleged criminal enterprise.

The NPF-NCCC said investigations are ongoing to identify additional accomplices, trace more proceeds of the crime, and ensure that all individuals found culpable are prosecuted.

Olatunji Rilwan Disu, Inspector-General of Police (IGP) reaffirmed the Nigeria Police Force’s commitment to safeguarding the nation’s critical digital infrastructure and intensifying efforts to combat cybercrime across the country.


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AfreximBank Urges Nigeria, Others to Strengthen Continental Trade

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The African Export-Import Bank (Afreximbank) has urged Nigeria and the rest of Africa to strengthen intra-African trade and resilience to protect against geopolitical shocks.

In a recently released Trade and Development Finance Brief, titled: ‘Africa’s Trade and Investment Landscape’, which examines the structural challenges shaping Africa’s trade performance and investment outlook in an increasingly uncertain global environment, it pointed out that Africa’s trade landscape remained heavily dominated by the export of raw materials, including agricultural products, oil, gas and minerals.

The report, however, regretted that imports continued to be heavily skewed towards manufactured goods and machinery.

The report noted that the existing export-import configuration leaves many African economies overly exposed to unfavourable terms of trade shock on account of external headwinds, including commodity price volatility, geopolitical tensions and associated global supply chain disruptions.

According to the report, the African Continental Free Trade Area (AfCFTA) remained central to efforts aimed at diversifying the continent’s trade base, strengthening regional value chains and increasing intra-African trade.

It further expressed that alongside the African Union’s Agenda 2063, the AfCFTA provides a practical framework for integrating fragmented markets, expanding industrial production and boosting productivity, with intra-African exports projected to increase by more than 20 per cent within a decade as implementation advances.

Also, the report further highlighted the importance of scaling investment in trade-enabling infrastructure, including energy, transport, communications networks, ports and logistics systems, to reduce the cost of doing business and improve cross-border trade flows.

It expressed that targeted infrastructure investment could support industrialisation, strengthen regional specialisation and improve Africa’s competitiveness as an investment destination.

It also pointed to a wider set of priorities for strengthening the continent’s trade and investment ecosystem, including regulatory coherence, institutional strengthening, economic diversification, improved access to finance for small and medium-sized enterprises and greater use of digital financial technologies.

Besides, the report stated that domestic and foreign investment were increasing across many African economies, notwithstanding the observed dominance of foreign investment.

It further mentioned that the direction of investment flows was uneven across sub-regions, with Eastern and Southern Africa receiving a larger share of foreign direct investment compared to Western and Central Africa.

Afreximbank said the findings reinforced the need for coordinated action to expand trade finance, improve trade-enabling infrastructure, deepen regional integration and accelerate value addition across the continent.

Managing Director, Research for AfreximBank, Dr Yemi Kale, said regional development finance institutions, including AfreximBank, were playing an increasing role in supporting intra-African trade through trade finance and related initiatives.

 


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