With the rise of online marketplaces and social platforms, there has been a significant increase in the number of fraudulent transactions. Many consumers are wary of making purchases from unknown sellers, fearing that they will be scammed or receive faulty goods.
Certainly, Africa is poised for a significant surge in eCommerce engagement, underscoring the escalating significance of trust. With 54 nations and a population exceeding 1.3 billion, the continent boasts a staggering 725 million mobile device users. Additionally, around 280 million individuals hold mobile money accounts, a threefold increase compared to conventional bank accounts.
Absolutely, the advancement of eCommerce and digital payment systems extends beyond technology itself, especially in Africa and other regions. Technology should play a role in enhancing the trust between buyers and sellers. Without this element, the incentive to shift away from cash and outdated transaction methods might dwindle over time. Trust is an integral factor for sustainable progress in the realm of digital transactions and financial evolution.
In the light of this, Bondly is set to launch an escrow platform that will provide a secure and reliable way for buyers and sellers to transact with confidence, ensuring that both parties are protected from fraud and guaranteed payment once the transaction is complete. With this technology, when a buyer places an order, the payment is held in escrow until the seller delivers the product or service as promised.
The company that just announced its Beta programme to onboard their first set of users offers a simple and intuitive interface, making escrow transactions quick and seamless while also enabling users to carry out regular banking transactions. They also provide robust security features, including fraud prevention measures and a layer of authentication, to ensure that all transactions are safe and secure.
“We’re thrilled to offer a simple solution that empowers consumers to transact with confidence,” said Bondly’s CEO David Chima. “Our revolutionary escrow infrastructure is a game-changer for the e-commerce and social media industry, and we’re looking forward to seeing the positive impact it will have on the industry as a whole.”
Bondly’s escrow infrastructure is the ultimate solution for social media influencers and small business owners looking to expand their online sales while also empowering consumers to transact with confidence and helps sellers build trust with them. With this, the buyers are less prone to scams, and the sellers have more brand loyalty and business growth. A win-win for both parties.
A launch date will be announced on their social media platform. Join the Beta programme to win exciting prizes, provide valuable feedback & be one of the first to experience the secure and reliable way to transact on social and e-commerce platforms with Bondly.
Visit www.mybondly.com