Business
CEO’s of Jumia, Alibaba, Weyland Tech, and Shopify Discuss New Global Trends in E-Commerce, Mobile Payments & Accelerating Digital Transformation of Retail
CEO’s of Jumia, Alibaba, Weyland Tech, and Shopify Discuss New Global Trends in E-Commerce, Mobile Payments & Accelerating Digital Transformation of Retail.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at Jumia Technologies (NYSE: JMIA), Weyland Tech (OTC: WEYL), Alibaba Group (NYSE: BABA) and Shopify (NYSE:SHOP). The pandemic is accelerating adoption of e-commerce, mobile shopping & payments globally - with some of the most exciting growth opportunities in developing markets like Southeast Asia, and Africa. Wall Street Reporter highlights tech leaders comments and insights from recent earnings and analyst calls on these developing trends. Jumia Technologies AG (NYSE: JMIA) CEO Sacha Poignonnec: \"E-Commerce & Mobile Payments Adoption Accelerating in Africa” “…Our mission of facilitating consumer’s access to goods and services helping sellers reach those consumers in a seamless way, while making a positive impact on the African continent has never been more relevant… we are seeing unique opportunities for long-term, e-commerce and payment adoption. More and more sellers are embracing e-commerce and are keen to join Jumia because offline distribution channels are disrupted. We are seeing unprecedented demand from brands and sellers…And this is of course, very good for us because it enables us to bring more choice and selections which helps consumer adoption and also to drive the trust on Jumia…We believe those dynamics will help accelerate the shift towards online on both the demand and supply sides, which again, gives us a lot of confidence in the relevance of the company and for Jumia in Africa…” “On Jumia food we see grocery and convenience retailers very eager to join our on-demand platform, which has the logistic infrastructure to complete deliveries in less than 45 minutes…consumers turn to Jumia as we strive to give them the best prices and a very convenient and safe experience and we believe we will continue to see strong consumer adoption and usage…The launch of contactless safe delivery is helping us to further promote JumiaPay, which provides an opportunity to drive long-term payments adoption.” Jumia (NYSE: JMIA) Earnings call highlights available at: https://www.wallstreetreporter.com/2020/08/jumia-technologies-ag-nysejmia-q1-2020-earnings-ca...