E-commerce in Nigeria

NaijaBlog profiles ecommerce in Nigeria:

E-commerce development has been painfully slow in Nigeria, given the lack of epayments infrastructure. ReLoadNG is already proving popular - you can use your local bank Interswitch card to buy PHCN and phone credit. Given there is no real-time reconciliation with the telcos apparently available, the system works by the company having sufficient scratch cards in stock. Its a clever work around. If they introduced a Visa or Mastercard Merchant alternative, relatives overseas could pay for credit, top up on electricity tokens etc...while Wishstop is another promising looking online shopping site...[continue reading]