OLx said Partnering with Interswitch on paid products is a strong strategy that leverages the two leading companies respective strengths:
Trust and safety which are both priorities for OLX and Interswitch ensures that OLX users can continue to trade safely on the site whilst making payments using the Interswitch secure platform
Enhancing Trade as both organisations help users trade conveniently online through the aid of technology.
This partnership will enhance OLX position as the market leader that is focussed on facilitating trade safely and expand Interswitch user base.
Speaking at the press event, Mayokun Fadeyibi, senior manager, Business Development OLX, stated that “OLX is constantly re-inventing the wheel to ensure that OLX users can trade safely on the site and are able to use our services with minimal stress”. Fadeyibi, also added that OLX recently launched an escrow service for its users.
The escrow service will provide a safety nest for both the buyer and seller to ensure that they trade safely on the platform. The buyer will be able to pay the money into an OLX bank account while undergoing inspection and validity of the item before OLX transfers the funds to the seller once the item is approved by the buyer.
Speaking on the partnership, Paul Ohakim, group head, Retail & Chains Interswitch stated that we are excited to partner to further deepen e-commerce in Nigeria by providing greater ease and more security for transactions done on OLX.
Ohakim also added that through Interswitch’s re-engineered payment gateway, which has seen successful Webpay solution further streamlined and enhanced to improve the user experience, Interswitch will continue to champion the growth and development of the e-commerce industry in Nigeria, particularly via partnerships such as this, with OLX. ”
Do-it-For-Me is a premium service that helps busy executives sell their vehicles with the helps of the OLX Champs who are sales experts sell their items.
They handle posting the item on the site, taking calls from buyers, negotiating for the right price and closing the deal.
OLX is the world’s leading online classifieds platform present in more than 40 countries across six continents.
OLX connect local people to buy and sell used goods, services, cars and properties. OLX makes it fast and easy to buy or sell almost anything through your mobile phone or on the web.
