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Konga integrates BVN into e-payment transaction

By Jonah Nwokpoku

Online marketplace, has    introduced the bank verification number, BVN as part of its authentication process for online payment in its recently introduced e-payment platform, KongaPay. In order to make online transaction more secure, KongaPay utilises One Time Password, OTP culled from the user’s bank verification number (BVN) to authenticate transactions.

This makes KongaPay the first non-banking e-payment solution to link BVN to its process through its partnership with the Nigeria Interbank Settlement System, NIBSS. Speaking to journalists recently in Lagos, Vice President, Payment and Digital Goods,, J R Kanu , said after successful launch and integration of KongaPay with Access Bank, Diamond Bank, Ecobank, FCMB, First Bank, GTB, Heritage Bank, UBA and Zenith Bank, most Nigerian banks now offer access to KongaPay boosting the confidence Nigerians have on electronic payment and e-commerce.

According to him, through a  partnership with Nigerian banks, KongaPay  has changed the face of online shopping in Nigeria by removing the uncertainties customers associate with pre-paying for goods and services they are yet to receive. The online payment platform allows customers pay for their orders without using debit cards or having access to the internet, thereby reducing their dependence on payment on delivery and restores trust among users.

He further explained that unlike other online payment platforms, KongaPay eliminates the need for customers to enter sensitive personal information such as credit or debit card details or Internet banking passwords. Also any customer who has a bank account and a registered mobile phone can use the KongaPay without necessarily signing up for internet banking.

During a demo session,   Vice President,  Marketing, Konga .com, Gabriel Gab-Umoden, said that upon opening an account on KongaPay, the user gets instant loyalty reward of N500.  Gab-Umoden said that  KongaPay is not only more secure but also easier to use than other e-commerce payment methods as sign up and subsequent usage can be completed in just a few steps.

Explaining the process, he said, “What the shopper is required to do to register on KongaPay, is to select his or her bank, enter his or her name, account number and date of birth and then finish registration by using the code sent via SMS to the individual’s registered mobile number. This code will be used to authorize his or her transactions anytime the user shops on”



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