Telcoin partnership with Jumia to boost e-commerce in Africa
Telcoin was excited to formally announce our partnership with African e-commerce giant Jumia earlier this month. The partnership, to commence in Nigeria, will allow users in Africa to spend their Telcoin on the Jumia e-commerce platform.
is Africa’s largest online marketplace, with a presence across 15 countries, and is also the continent’s first tech “unicorn” with a valuation exceeding US$1 billion.
We are looking forward to working with Jumia and bringing Telcoin to millions of new users across Africa.
Pictured here to commemorate the start of the pilot project (L-R) are Anthony Osaji, Head,
Corporate Sales, Jumia Nigeria, Thomas Simonet, Chief Marketing Officer Jumia Group,
Lee -Ann Cassie, Head of Africa Region for Telcoin, Juliet Anammah, Chief Executive, Jumia
Nigeria, Salma Beacherif, Chief Marketing Officer Jumia Nigeria, and Stanislaus Martins,
Head of Growth Marketing Jumia Nigeria
Telcoin/Jumia making powerful strides in Nigeria
Following our Jumia partnership announcement, Telcoin was featured in a number of prominent national newspapers, websites, and blogs across Nigeria. The news was welcomed by businesses and organizations who are eager to show how blockchain technology can benefit the region, and has given Telcoin additional exposure as we prepare to enter the African market.
Telcoin is now live and transactable via Coingate
Telcoin is now natively built into the Coingate platform, with users able to spend their Telcoin at more than 4,000 online stores.
The Coingate integration marks a significant milestone in expanding the usability of TEL in the real world.
Telcoin applies to Malaysian Regulatory Sandbox
In November, Telcoin’s CEO and Head of Compliance traveled to Malaysia to meet with Banka Negara Malaysia’s (Malaysia’s central bank) Regulatory Sandbox Committee.
The meeting was the first stage in the application process and necessary in order to start engaging in business within the country. In Malaysia, currently no license is needed to operate a remittance company, however applicants must be approved by the central bank to be eligible to operate in the country.
Telcoin was very well received, and the regulatory team was impressed by
Telcoin’s business model and overall plans for launching service in Malaysia. A follow up meeting is planned to take place in the very near future in order to complete the application – upon which Telcoin can immediately begin operations in the country if accepted.
New website Coming Soon
In parallel to finishing the first version of the Telcoin application, we have been working on a brand new and fully-revamped website that will be going live in January 2019.