OLX partners with Interswitch to enhance User Experience

A one of a kind partnership which has never been witnessed  in the country between a payment portal and a classified Advert site which has never  been witnessed in  with the recent times. The partnership between Interswitch and OLX according to  industry stakeholders is a game changer. OLX, an online classifieds site announced that users can now pay for its premium services, Do-It-For-Me and Top Ads using the Interswitch platform.  This is in line with  the growing trend and acceptance of online payment solution and Interswitch  popularity.

 

Partnering with Interswitch to launch paid products is a strong strategic fit leveraging the two leading companies respectives 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

 

This strategic partnership is poised to enhance  trade as both organisations help users trade conveniently online through the aid of technology. It is a win-win situation for the teeming users of OLX portal, this has made payment easierand secure for the users. In another light, this partnership  has raised the bar in classified Ads space, where OLX is taking the lead.

This partnership will enhance OLX position as the market leader that is focussed on facilitating trade safely and expand the Interswitch user base.

Speaking at the press event, Senior Manager, Business Development OLX,  Mayokun Fadeyibi 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.

L-R: PR & Communications Lead,OLX Uche Nwagboso; Group Head Retail & Chains, Interswitch, Senior Manager, Business Development, OLX Mayokun Fadeyibi, Marketing Manager, OLX Fife Aiyesimoju and Tomi Ogunlesi, Corporate Brand Manager, Interswitch during the OLX Interswitch Partnership Announcement.

 

Speaking of 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.

 

 

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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.

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