OLX, Nigeria’s number one online classifieds site announced that users can now
pay for its premium services, Do-It- For-Me and Top Ads using the Interswitch
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
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, 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
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
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
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.
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