Online classifieds site, OLX, has struck a dealÂ with a payment processing company, InterswitchÂ to make activities less cumbersome and enhance security on its platform.
According to the company, the latest development would enable its customers to settle up with all kinds of offeringsÂ includingÂ premium services, Do-It-For-Me and Top ads on its site using the Interswitch platform.
Speaking at an event that sealed the partnership, Senior Manager, Business Development OLX,Â Mayokun Fadeyibi, stated that the initiative would also enhance the firmâ€™s positionÂ as a market leader which wasÂ focused on facilitatingÂ safe trade.
â€œTrust and safety which are both priorities for OLX and Interswitch ensures that users can continue to trade safely on the site whilst making payments using the Interswitch secure platform. We are constantly re-inventing the wheel to ensure that our customers are able to use our services with minimal stress,â€ Fadeyibi said.
She added that escrow service recently introduced to the platform would also ensureÂ safe dealsÂ where customers could Â payÂ money into the companyâ€™sÂ bank account while undergoing inspection and validity of items before the company transfered funds to the seller once chosenÂ item wereÂ approved by the buyer.
Group Head, Retail and Sales Interswitch, Paul Ohakim, stated that the partnership would deepen e- commerce in the country.
â€œThrough Interswitchâ€™s re-engineered payment gateway, which has seen successful webpay solution further streamlined and enhanced to improve users experience, weÂ will continue to champion the growth and development of the e-commerce industry in Nigeria, particularly with partnerships such as this,â€ he said.